Bulgaria will use budget funding to pay nearly EUR 629 M to Russian company Atomstroyexport, Energy Minister Temenuzhka Petkova has said.
The sum must be transferred in an urgent manner as interest is being accumulated every day, Petkova has told ministers, according to a transcript of the government meeting published by its press service.
EU approval will have to be secured for the payment as it qualifies as “state aid”, she has explained.
Bulgaria lost an arbitration lawsuit late in the spring and is to pay for the reactor and an equipment produced by Atomstroyexport for the Belene nuclear power plant (NPP) project which Prime Minister Boyko Borisov‘s previous government suspended in 2012.
In return, Bulgaria will receive the reactor…
Read the full article at: http://www.novinite.com/articles/176381/Bulgaria to Pay for Russian N-Reactors with Budget Funding
