National Electric Company

The government has approved EUR 601,617,133 from the budget surplus to be allocated as state assistance to the National Electric Company (NEK).

The funds must be used by the state venture to pay Russian Atomstroyexport for the equipment ordered for the Belene NPP.

The National Electric Company (NEK EAD) might have a total profit around BGN 12.2M by the end of 2016, according to the outgoing Energy Minister Temenuzhka Petkova, cited by BGNES.

Bulgaria's Military Prosecutor's Office said on Tuesday that it has charged an unnamed number of defence ministry employees with deliberate dereliction of duty which cost the state over two million leva (around a million euros).

A debt settlement deal was signed by Bulgaria's state-owned National Electric Company, or NEC, and the Russian nuclear producer Atomstroyexport on Wednesday, the Bulgarian Energy Ministry announced.

An arbitration court in Geneva ordered the NEC to pay the Russian firm 601,617,133 euros for the production of two nuclear reactors for the cancelled Belene power plant.

The Prosecutor General has submitted to Parliament a request for the withdrawal of the immunity of GERB deputy Delyan Dobrev, reported the press centre of the Prosecutor's Office.

The request is based on evidence collected by the Sofia's Prosecutor's Office regarding the  crime of premeditated abeyance in Delyan Dobrev's capacity as Minister of Economy, Energy and Tourism.

Sofia City Prosecutors have charged former minister Petar Dimitrov with deliberately failing to apply the necessary controls over the work of two former CEOs of the state-owned National Electric Company, or NEC.

Energy Minister Temenuzhka Petkova is travelling to Moscow to discuss the forthcoming steps concerning the fulfillment of the decision of the Arbitration Court on the Belene nuclear power plant.

In June, Bulgaria was sentenced to pay EUR 620 M for equipment ordered from Russia. The daily interest is EUR 167,000.

Parliamentary deputies from GERB, the Patriotic Front, the Reformist Bloc (RB) and BDTS-Naroden Sayuz have submitted a proposal for the establishment of a temporary survey commission for the Belene nuclear power plant, announced Antoni Trenchev from RB.

The Bulgarian Parliament approved at second reading the draft bill for granting financial aid for the payment of the debt of the National Electric Company (NEC).

The Bulgarian Parliament will vote at second reading on Wednesday for the approval of the loan which the state will grant for the equipment for the Belene nuclear power plant, ordered from Russia 8 years ago.