Sat, Feb 11 2012

Bulgaria to announce next move on Belene in September 2009 – Energy Minister

Mon, Aug 31 2009 12:44 CET

byClive Leviev-Sawyer

1388 Views
Bulgaria to announce next move on Belene in September 2009 – Energy Minister

The construction site of Bulgaria's long-stalled Belene nuclear power station project.

Photo: Reuters

Bulgaria’s Economy and Energy Minister Traicho Traikov has rejected as untrue media reports that talks were to be held with Arab investors interested in the country’s Belene nuclear power station project.
 
On August 30 2009, quoting a report by a Kuwaiti news agency that interviewed Traikov, Bulgarian newspaper Standart said that Bulgaria was planning to start negotiations with Arab countries to invest in the construction of Belene NPP.
 
The report said that Traikov had said that by doing this, Bulgaria was seeking to reduce the influence of Russian companies in Bulgaria’s energy sector.
 
Bulgaria would discuss financing the construction of the Belene nuke plant with private and state companies in Qatar, Saudi Arabia and Kuwait, according to the report.
 
On August 31, Traikov’s ministry said in a media statement that Bulgaria was still analysing possible options for the future of Belene.
 
Bulgaria would announce its next steps in September, the ministry said.
 
There have been no negotiations with potential investors, including investors from Arab countries, the media statement quoted Traikov as saying.
 
Should Bulgaria decide to go ahead with the Belene project, it would seek out potential investors and could engage with all countries that showed interest, and no option could be ruled out, Traikov said.
 
However, at this point, no invitations for talks had been issued, he said.
 
 

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Putin wants Borissov to clarify Bulgaria’s stance on Russian energy projects

At a face-to-face meeting in Poland, Bulgarian Prime Minister Boiko Borissov told Russia’s Vladimir Putin that Sofia will announce its position on joint energy projects with Moscow after studying contracts signed by the previous Bulgarian government.

Bulgarian PM Borissov: I invited Putin to come to Sofia in November to talk on energy issues

It is easy being Prime Minister. You have a telephone with buttons and whichever minister you need, you can get on the phone at all times, Borissov says in a TV interview a month after taking office.

Energy shakedown

Focus on Bulgaria’s nuclear stations as ‘big broom’ sweeps through the energy sector

Bulgaria's NEK faces reschedule of Belene nuke project loan

Energy Minister Traicho Traikov blames the deterioration in NEK’s financial performance on reduced power consumption as customers grapple with the economic recession and said it caused a delay in payments.

Energy minister says Belene nuke not vital for Bulgaria

Energy Minister Traicho Traikov downplays speculation that Bulgaria must bring Belene nuclear power station onstream to guarantee supplies by 2020.

RWE participation in Belene on the brink of collapse - FTD

Unable to secure funding, Bulgaria's new government was expected to call off the Belene project, Financial Times Deutschland said.

Energy rethink

Uncertainty clouds new Government’s energy policies as President urges ‘continuity’.

Purvanov's plea for Russian energy projects

Bulgarian President Georgi Purvanov said on July 31 that Bulgaria's new Cabinet should not turn its back on joint energy projects with Russia.

New energy ministry to review big projects

Minister of Economy, Energy and Tourism Traicho Traikov says that large-scale projects such as Belene nuclear power station and the Bourgas-Alexandroupolis pipeline will be investigated, but nothing would be put on standby until its value had been assessed.

More in this category

US embassy in Sofia announces youth essay contest

Works will be reviewed by a group of judges, and winners will receive certificates and prizes.

Bulgarian police bust drug distribution gang in ‘Operation Hammer’

Seven arrested, including ‘The Squirrel’ who was found in possession of 10 00 euro, Interior Ministry says. Mobile phones, computer equipment and drug paraphernalia seized.

Bulgaria’s winter weekend weather – cloudy and cold with light snow

Maximum temperatures across the country will remain mostly below zero.

Mild earth tremors in Bulgaria on February 10

The first tremor was at about 12.34am, followed by another three minutes later. Their epicentres were located between the towns of Radnevo and Topolovgrad.

Bulgaria halts electricity exports after power plant accident

There was no risk of blackouts caused by insufficient power supply, Economy Minister Traicho Traikov told Bulgarian National Radio.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.