Parliament to investigate debt for NPP Belene project – Bulgaria, 7 October 2016

Bulgarian parliamentary parties GERB, the Patriotic Front, the Reformist Bloc and BDTS-Naroden Sayuz have submitted a proposal for the establishment of a temporary parliamentary investigation committee for the cancelled project for the construction of nuclear power plant Belene.
The goal of this committee will be to investigate all circumstances under which the debt for NPP Belene project incurred in the period between 2006 and 2016. Last month, The Parliament approved a draft bill on granting financial aid for the payment of the debt of the National Electric Company (NEK). The non-refundable financial aid from the state budget should be used in order to repay the company’s debt under the arbitration ruling on NPP Belene project. However, the aid will be granted only after the approval by the European Commission and NEK will not pay interest on the aid and the company will not provide collateral.

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