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Bulgaria to pay €620 mln to Russia in Belene NPP dispute — Rosatom

June 16, 2016, 12:02 UTC+3
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ST. PETERSBURG, June 16. /TASS/. The arbitration court under the International Chamber of Commerce in Geneva made a decision in favor of Russia’s Atomstroiexport in the dispute with Bulgaria’s NEK on termination of Belene nuclear power plant project, Russian nuclear corporation Rosatom said on Thursday.

The court has ordered to reimburse damages of €620 mln to Atomstroiexport.

The international arbitration confirmed the Russian company acted in good faith when performing the contract and laid the blame on the Bulgarian company for frustration of the contract.

The court satisfied main claims of Atomstroiexport on payment for completed work and ordered expenses. The decision made by the court under the International Chamber of Commerce is final.

Sofia refused to build the Belene Nuclear Power Plant ibn 2012. Atomstroiexport was contracted to construct the power plant under the contract signed in 2006.

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