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Bulgaria shortlists five companies for Belene nuclear plant

Rosatom (through Atomenoergoprom), China National Nuclear Corporation (CNNC) and Korea Hydro & Nuclear Power (KHNP) have been selected by Bulgaria to file binding offers as strategic investors in its Belene nuclear power plant project by the end of April 2020. In addition, Framatome (previously Areva NP) and General Electric have been invited to send offers for equipment and funding.

In August 2019, seven companies have expressed interest in taking part to the project as strategic investors, namely Rosatom (through Atomenoergoprom), China National Nuclear Corporation (CNNC), Korea Hydro Nuclear Power (KHNP), Bektron-Liaz Technical Engineering (Germany), two consortia (Belene NPP and Nuclear Power Plant Belene 2019) and a Bulgarian company IPK and UP. Moreover, Framatome (previously Areva NP) and General Electric had declared interest in taking part in structuring the financing of the project and in providing equipment for the project. Two Bulgarian companies had expressed interest in acquiring a minority shareholding in the company, namely Atomenergoremont and Grand Energy Distribution.

The €10bn project should be developed by a special company, in which the national electricity company (NEK, Natsionalna Elektricheska Komapania) should own a stake. The government doesn't plan to provide any funding guarantees, nor to buy electricity from the project under a long-term contract and requires the project to be commissioned within ten years of signing a shareholder's agreement.

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