PM Borissov Confirmed There Is Iinterest in Restart of Belene Nuclear Project

During the government’s regular weekly meeting on 23^rd of May, Prime Minister Boyko Borissov confirmed interest in Belene Nuclear Power Plant project from several countries and reminded about the conditions, Bulgaria requires for the negotiations with the project investors: no obligatory clauses for export of electricity and no state guarantees on the project.

Bulgaria will try to build Belene NPP in order not to lose the already invested BGN 3.5 billion in the project. This was made clear by the words of Prime Minister Boyko Borissov. He admitted that it had turned out that the two Russian-supplied reactors were not as expensive as expected, and if they were not used, they had to be exhibited in a museum. According to Energy Minister Temenuzhka Petkova, even if the project is resumed, it would take a long time.

To begin negotiations, the Parliament should give a mandate to this. Temenuzhka Petkova added that more time is needed to choose the right investor for the plant.

We have a product and a site in which the Bulgarian taxpayer has invested over 3.5 billion, and if we do not take any measures,the value of this product - the nuclear reactors, from billions will become millions, and eventually it will become scrap. We are not such a rich country to allow it, PM Borissov said.

If Parliament gave us a mandate, of course, we will start preparing for the development of a procedure for selecting a strategic investor. This will be a fairly long process. Such a type of procedure must be developed to ensure maximum security, transparency, objective criteria and within this procedure and to check how real this investor interest will be. I would like to point out that there is no way to negotiate and talk in this direction without us having conducted the appropriate talks with the designer and the equipment manufacturer, that is, the Rosatom colleagues, minister Petkova said.

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