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Minister Temenuzhka Petkova: State participation in Belene NPP through NEK is best option

Minister Temenuzhka Petkova: State participation in Belene NPP through NEK is best option

21 May 2018 | 10:37 | FOCUS News Agency
Sofia. The optimal and most appropriate option at this stage is state participation in the Belene NPP project through NEK, Minister of Energy Temenuzhka Petkova told bTV this morning. The related assets and liabilities would be set apart. “NEK will participate in the project with a contribution that will allow us to hold at least a blocking quota in the company. The state will be able to exercise control,” she said. “We are proposing no commitment for the state to providing state guarantee or long-term contracts for power purchase,” Petkova said. “Our idea is that the project should be developed entirely on market principles,” she added. According to her, other considered options such as the sale of the equipment, 100% state participation or the complete sale to a private investor imply a loss, high costs or risks for the state.
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Energy ministry opts to try develop Belene NPP project on market principles with strategic investor

Energy ministry opts to try develop Belene NPP project on market principles with strategic investor

16 May 2018 | 16:11 | FOCUS News Agency
Sofia. Energy Minister Temenuzhka Petkova today submitted a proposal to the government to make an attempt for development of the Belene NPP project on market principles by selecting a strategic investor, without state guarantee and long-term power supply contracts, Focus News Agency reports. The related assets and liabilities at state-run power company NEK will be separated into another company, the minister told reporters. The procedure will show if the investor interest demonstrated within the last year is real, she added.
Commenting on the submitted report, she said that other studied options for sale of the equipment, only state or only private participation were less likely or less appropriate.
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