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Rosatom expects payment from Bulgaria for termination of Belene NPP

Bulgaria should compensate the Russian company for termination of the Belene NPP construction the sum of €620 million

MOSCOW, October 13. /TASS/. Rosatom expects to receive payment from Bulgaria by court order before the end of the year regarding termination of Belene NPP project, the company said on Thursday.

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"State Corporation Rosatom welcomes the steps of the Bulgarian side aimed at creating the necessary conditions for early implementation of the decision of the Arbitration Court in relation to Belene NPP project," the company said, adding that it hopes "that the money will be paid before the end of the year."

The parties agreed to take all the necessary steps for execution of the arbitral decision as soon as possible.

It was reported earlier that Rosatom expected information from Bulgaria about when the country would pay compensation for terminated Belene project.

"The Russian side insists on a necessary urgent fulfilment of the arbitration court decision and settlement of the outstanding debt by the Bulgarian side," the company's Communications Department said at the time, adding "The Russian side is waiting for the Bulgarian side to send information on time the debt will be settled."

On September 9, Bulgaria hosted a meeting of the Russian-Bulgarian working group on fulfilment of the court decision. Bulgaria’s NEK should compensate the Russian company for termination of the Belene NPP construction the sum of €620 million. Besides, until the compensation is paid in full, the daily payable penalty is €167,000.

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