13 companies send letters of interest for Bulgaria’s Belene nuclear power plant

13 companies send letters of interest for Bulgaria’s Belene nuclear power plant
Energy Minister Temenuzhka Petkova (centre) names the companies interested in joining the Belene nuclear power plant project at a press conference in Sofia.
By bne IntelliNews August 21, 2019

A total of 13 companies have sent letters of interest to Bulgaria’s energy ministry for the relaunch of the project to build the Belene nuclear power plant (NPP), Energy Minister Temenuzhka Petkova said on August 20. 

Plans to build the Belene NPP were scrapped in 2012, but Sofia was forced to reconsider after Bulgaria was ordered to reimburse over €600mn to Atomstroyexport (a unit of Russia’s Rosatom), which had won the contract to build the power plant and had already started work.

In May, Bulgaria called a tender for strategic investor for the project. The government in Sofia hopes to finish the project within 10 years at a cost of up to €10bn.

Seven of the letters were from companies interested in becoming strategic investors in the project. Rosatom, China National Nuclear Corp. (CNNC) and Korea Hydro & Nuclear Power were already known to have been interested in the project. The other four interested parties were German-registered Bektron-Liaz-Engineering, and three Bulgarian-registered entities.

France’s Framatome and US General Electric sent letters expressing their interest in supplying equipment and securing the funding for the project. 

Neighbouring North Macedonia said it was interested in acquiring a minority stake in Belene and signing an electricity purchasing agreement. An interest in minority participation in the NPP was also received from Bulgarian companies Atomenergoremont AD and Grand Energy Distribution EOOD.

Within 90 days, a working group with representatives from the Ministry of Energy, Bulgarian Energy Holding EAD, National Electric Company EAD and Electricity System Operator EAD will prepare a shortlist of companies interested in participating in the Belene NPP project as strategic investors, the ministry said.

The procedure is flexible and allows the selected strategic investor to have conversations with companies that have a minority interest in the project or an interest in purchasing electricity, it added. 

Related Articles

United Group to buy Bulgaria's Vivacom

Balkan telecoms and media company United Group, owned by private equity investor BC Partners, has agreed to acquire Bulgaria’s largest telecoms operator Vivacom, the company ... more

Bulgarian Thomas Cook representative goes bankrupt

Astral Holidays International, an official representative of bankrupt UK tour operator Thomas Cook, said it has filed for bankruptcy starting from October 7. This is the largest tour operator in ... more

Freedom of speech is in crisis in Bulgaria, President Radev says

Freedom of speech in Bulgaria is in crisis, President Rumen Radev said on ... more

Dismiss