Nuclear Power Plant Belene Update

Nuclear Power Plant Belene Update

In June 2018, the Bulgarian Parliament adopted a decision to reopen the search of options for building the NPP Belene.

In the implementation of the decisions of the Bulgarian Parliament of 7 June 2018 and of the Council of Ministers of 29 June 2018, National Electric Company EAD issued an invitation for the selection of a strategic investor for the construction of Belene NPP on 11 March. The invitation also gives an opportunity to declare an interest in acquiring minority participation in the future project company, and/ or in purchasing electricity from the future power plant. The purpose of the invitation is to provide certain information to the parties wishing to participate in the procedure. The Ministry noted that Belene NPP must be built on a market basis, as the state will not sign with the investor long-term power purchase agreements, nor provide state guarantees. Bulgaria will participate in the project company via a non-monetary contribution.

The deadline for submitting expressions of interest is the 90th day following the publication of the invitation in the Official Journal of the European Union. The procedure is expected to be completed within one year.

In June 2018, the Bulgarian Parliament adopted a decision to reopen the search of options for building the NPP Belene.

In the implementation of the decisions of the Bulgarian Parliament of 7 June 2018 and of the Council of Ministers of 29 June 2018, National Electric Company EAD issued an invitation for the selection of a strategic investor for the construction of Belene NPP on 11 March. The invitation also gives an opportunity to declare an interest in acquiring minority participation in the future project company, and/ or in purchasing electricity from the future power plant. The purpose of the invitation is to provide certain information to the parties wishing to participate in the procedure. The Ministry noted that Belene NPP must be built on a market basis, as the state will not sign with the investor long-term power purchase agreements, nor provide state guarantees. Bulgaria will participate in the project company via a non-monetary contribution.

The deadline for submitting expressions of interest is the 90th day following the publication of the invitation in the Official Journal of the European Union. The procedure is expected to be completed within one year.