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Bulgaria's NEC Mulls Scenarios of NPP Belene Lawsuit

Date: 30.07.2011

The attorneys of Bulgaria's National Electric Company NEC have prepared some serious analyses, featuring possible action plans regarding the NPP Belene lawsuit that Russia's Atomstroyexport has brought up in the International Court of Arbitration, according to recent publications in Russian media. Reportedly, the Russian company's claim is for 58 million euro in delayed payments for the construction of Bulgaria's NPP Belene.

"You can rest assured that NEC will take the most appropriate course of action," Bulgaria's economy and energy minister Traycho Traykov said.

Sources from Bulgaria's energy utility said the company might launch a counterclaim for unpaid equipment worth 61 million euro.

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