GERB Seeks Mandate for Talks on Belene N-plant Project with Potential Investor

GERB Seeks Mandate for Talks on Belene N-plant Project with Potential Investor

Bulgaria's ruling centre-right party GERB requested from parliament to mandate the government to hold talks on Belene nuclear power plant (NNP) project with a potential investor.

Under the terms of the mandate, the government would have to negotiate a deal price at least equal to the costs incurred by the Bulgarian side, as well as "more satisfactory' conditions with Russia's Atomstroyexport, state-run Bulgarian National Radio (BNR) reported on Thursday.

The potential investor should also provide a 200 million euro ($257.5 million) guarantee, local daily Dnevnik reported.

"The draft programme does not revoke the previous parliamentary decision to halt the Belene project, it just gives [the government] a mandate for negotiations," Dnevnik quoted GERB MP Dian Chervenkondev as saying.

In a separate move, the Bulgarian Socialist Party (BSP) filed with the parliament a proposal for cancellation of the government's decision to halt the Belene project, which explicitly states that Bulgaria should hold a stake in the plant, BNR reported.

On Wednesday, it emerged that U.S.-based Global Power Consortium is ready to invest in the construction of the Belene plant, which would be the second nuclear power plant in the country if built.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.