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text sizeSofia Has Already Paid EUR 400 M for NPP Belene
Had the nuclear power plant been built, its electricity would have been twice as expensive as the one generated by a natural gas-powered plant
Sofia has already paid 400 million euro to Russia's Atomstroyexport for the construction of NPP Belene. Of it, 130 million euros has been paid under a contract that has not been signed to this day.
The payments were made from November 29th 2006 to March 31st 2012.
This becomes clear from a report of the State Finance Inspection Agency, published by the Economy Ministry.
The conclusion is that such actions are incompatible with the current legislation in Bulgaria, having in mind that no contract for realization of the NPP Belene Project has been signed to this day.
This is the gravest violation of the laws which the financial inspectors discovered. But they state there are a series of violations on behalf of the contracting authority at the procedures on the election of a candidate and the realization of the public procurement.
In contrast to the law, no public procurement was announced while a dismantling of the already installed fittings on the ground of Belene NPP worth 100 million euro was assigned. It turns out that the electricity produced in Belene NPP would be much more expensive than the one generated by natural gas, for example, shows the analysis of British bank HSBC which was hired as a consultant of the project with the task to state if it would be profitable or not. According to the report, the price of power generated in a gas power station will be US$59 per megawatt. According to the calculations of HSBC, the power produces in a thermo-power plant as well as wind and geothermal energy will be also cheaper than the Belene NPP electricity.
Yuliana Uzandzhieva
The payments were made from November 29th 2006 to March 31st 2012.
This becomes clear from a report of the State Finance Inspection Agency, published by the Economy Ministry.
The conclusion is that such actions are incompatible with the current legislation in Bulgaria, having in mind that no contract for realization of the NPP Belene Project has been signed to this day.
This is the gravest violation of the laws which the financial inspectors discovered. But they state there are a series of violations on behalf of the contracting authority at the procedures on the election of a candidate and the realization of the public procurement.
In contrast to the law, no public procurement was announced while a dismantling of the already installed fittings on the ground of Belene NPP worth 100 million euro was assigned. It turns out that the electricity produced in Belene NPP would be much more expensive than the one generated by natural gas, for example, shows the analysis of British bank HSBC which was hired as a consultant of the project with the task to state if it would be profitable or not. According to the report, the price of power generated in a gas power station will be US$59 per megawatt. According to the calculations of HSBC, the power produces in a thermo-power plant as well as wind and geothermal energy will be also cheaper than the Belene NPP electricity.
Yuliana Uzandzhieva
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