Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Siemens Likely Strategic Investor in Bulgaria's Belene NPP
Date: 26/10/2010
Siemens Likely Strategic Investor in Bulgaria's Belene NPP

German company Siemens is most likely the new strategic investor in Bulgaria's Belene nuclear power plant, sources said.

Bulgaria's PM Borisov on Monday, following Parliament Chair Tsacheva on Sunday, revealed that the government has found a German company that is interested in investing in the Belene NPP.

Neither Tsacheva, nor Borisov, however, revealed the name of the company that is to become the strategic investor in Bulgaria's second nuclear power plant.

They did make it clear, however, that Borisov had talks with the German company in question during his last week's visit to Munich, the capital of the Free State of Bavaria.

A source close to the Bulgarian government wishing to remain anonymous said that Siemens is most likely going to invest in the Belene NPP.

At present, Siemens is one of the subcontractors of Russian company Atomstroyexport, which has been chosen to build the Belene plant.

The headquarters of Siemens in Berlin advised to address Siemens Bulgaria on whether the information can be confirmed or refuted; the respective department of Siemens Bulgaria could not be reached in the late afternoon on Monday.

Last week the CEO of Bulgaria's National Electric Company NEK Krasimir Parvanov said there was a possibility that German energy company RWE could re-consider its decision to withdraw from the Belene project.

In December 2008, RWE was originally selected as a minority shareholder to provide EUR 2 B for the construction of Belene (in exchange for a 49% stake). However, it pulled out in the fall of 2009.

The Bulgarian government is expected to reveal this or next week who the strategic investor in Belene will be.


Featured District
Invest Bulgaria Charts
Public Sector External Debt of Bulgaria
Public Sector External Debt of Bulgaria

Current Account as Percent of GDP
Current Account as Percent of GDP

See all charts
Did You Know?
Bulgarian Tourism Sector
Bulgarian Tourism Sector
The number of tourists visiting Bulgaria has more than doubled during the last 5 years. ... More

Sofia Airport is the biggest airport in Bulgaria. Its second terminal officially opened on the December 27, 2006. It managed 2.2 million passengers in 2006, which is expected to grow to 2.7 million in 2010.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works, creators of Uudet Nettikasinot 2019, 最新カジノ and Svenska Casinon. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members