Looking for strategic investor for Belene NPP
14 July, 2017
Prime Minister Boyko Borisov and Russia’s Minister of Energy Alexander Novak discussed cooperation opportunities in the energy sector while in Istanbul. The two officials talked during the recent petroleum forum in Istanbul, prior to which the Bulgarian premier took part in a business meeting attended by the heads of state of Turkey, Recep Erdogan, and Serbia, Aleksandar Vucic, as well as the President of Azerbaijan Ilham Aliyev and the Prime Minister of Albania Edi Rama.
In his conversation with Novak, PM Borisov noted that the country is looking for a strategic private investor for the Belene NPP project. The premier expressed confidence that the measures being taken to extend the exploitation life cycle of Unit 5 and Unit 6 of Kozloduy NPP will be completed successfully. Borisov believes that, having gone through the arbitrage decision on the Belene NPP case last year with joint efforts, the two countries are now free to continue discussing potential useful cooperation opportunities. The prime minister also highlighted the road map signed with the Russian company Gazprom in June, which envisions expansion of the Bulgarian gas transmission network, as a positive development in bilateral relations. Borisov made special mention of the Balkan Gas Hub project, whose feasibility study the EU funded with €920,000. Borisov said that Bulgaria is working very hard to promote the energy security of central and southeastern Europe.