Bulgaria Demands EUR 200 M Guarantee from Mysterious Belene InvestorEnergy | September 27, 2012, Thursday // 13:36| views
Bulgarian Prime Minister Boyko Borisov has declared that he would only negotiate with the consortium if it leaves a EUR 200 M or a USD 200 M deposit. Photo by BGNES
The Bulgarian government has demanded a EUR 200 M guarantee from the largely unknown investor that emerged on Wednesday with the proposal to fulfill the country's abandoned Belene Nuclear Power Plant project.
The guarantee should be paid to Bulgaria's National Electricity Company (NEK). The government has also listed seven other necessary conditions for the potential investor.
On Thursday, the Bulgarian Parliament is expected to authorize the government to negotiate with the investor, the Global Power Consortium.
Bulgarian Prime Minister Boyko Borisov has declared that he would only negotiate with the consortium if it leaves a EUR 200 M deposit, local media say.
The largely unknown US enterprise expressed interest Wednesday in building Bulgaria's Belene NPP, the project for a second Bulgarian nuclear plant that was abandoned by the Borisov Cabinet in March 2012.
The Global Power Consortium's interest in the construction of the 2000 MW Belene was made public in Sofia by a representative of the entity, Samuel Reddy.
A total of nine companies are believed to be involved in the entity, with their names still unknown.
Bulgaria's government is currently tangled up in a EUR 1 B dispute with Russia over the termination of the Belene project. It is unclear how the GPC offer to "build" the NPP will affect the dispute.
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