Thursday , June 1 2023

Temenujka Petkova will present the procedure for selecting investors for Belene NPP in Parliament – News


Following a decision by the National Assembly on 7 June 2018 to reopen the search for construction opportunities for the Belene nuclear power plant by 31 October 2018 at the ministry
in the energy sector, an investor selection procedure has been developed. At today's meeting of the Council of Ministers, Energy Minister, Temenujka Petkova, presented the prepared

The Belene nuclear power plant should be implemented on the market principle (without concluding the compulsory purchase of energy contracts by the Bulgarian state without granting the Bulgarian state
preferential prices for the purchase of electricity without concluding contracts as opposed to the Bulgarian state, without the granting by the Bulgarian state of corporate guarantees and / or
other non-market mechanisms to guarantee the investment) and without granting a state guarantee. The construction must be done with equipment and supplies available to licensees for this purpose

The procedure for choosing a strategic investor for the construction of the Belene nuclear power plant also includes the possibility of involving minor industrial and other
electricity in the realization of the project by participating in the capital of the project company and / or by purchasing power contracts. This opportunity will provide security,
the stability and predictability of revenues will ensure financing from credit institutions under more favorable conditions.

There are a number of conditions in the procedure in order to maximally protect the property and financial interests of the Bulgarian side in order to ensure the energy security of Bulgaria
and to ensure the safe use of nuclear energy. The first stage for selecting a strategic investor provides for an invitation to participate in the strategic selection process
investor for the construction of the Belene nuclear power plant and an invitation to declare interest in the acquisition of minority participation in the future project company. Submission of applications by interested parties
parties involved in the procedure, binding offers and negotiations. Regarding the possibilities of structuring the project, the document notes that the separation of assets in
a separate project company could be carried out before, during or after negotiations with potential investors, or the choice of strategic investors.

The Council of Ministers approved the report submitted by Temenujka Petkova and instructed the Minister of Energy to submit the elaborated procedure for selecting a strategic investor for the project
Belene in the National Assembly.

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