Bulgarian PM Confident over Belene NPP Arbitration
Bulgarian Prime Minister Plamen Oresharski believes the country will not lose the arbitration case regarding the compensation sought by Russian Atomstroyexport for the cancellation of the Belene Nuclear Power Plant project.
On Wednesday, members of the opposition GERB party warned that Bulgaria is in danger of losing the case as a result of missed deadlines by the current government, citing a letter from the lawyers of White&Case, hired as defense counsel.
Should the Bulgarian side lose the case, the state will have to pay BGN 1B in compensation.
"I am aware that there are problems. I was informed at the beginning of my term that there had been miscommunication between White&Case and the local legal firm which supports them. There is also an issue with the number of witnesses, but these are operational matters that we are trying to work out", commented Oresharski in a parliamentary media briefing.
Earlier on Thursday, Chief Prosecutor Sotir Tsatsarov informed that the prosecution has launched an inquiry to determine whether the Bulgarian state had complied with the procedural requests of White&Case. The results of the inquiry can be expected within several days.
Adapted from Novinite
More on the topic
- 14.11.2013 Bulgaria looks for Western investor for its Belene NPP
- 07.10.2013 Mysterious fire in Russia burned documents for NPP Belene
- 23.09.2013 3 'Bosses' arrested in Bulgaria's energy fraud special ops
- 09.09.2013 Bulgaria's rulers steady on path of reviving Belene NPP
- 21.08.2013 Bulgarian court orders Belene NPP reports of HSBC declassified
- 24.07.2013 Fate of Belene NPP to be decided by New Year
- 26.10.2012 Bulgarian parliament decided to hold a referendum on Belene NPP
- 04.10.2012 Referendum on Belene NPP will take place within 3 months
- 02.10.2012 Bulgaria PM to freeze talks on Belene NPP until referendum
- 29.09.2012 American investment fund to invest $ 2 billion into Belene nuclear power plant
- 20.09.2012 U.S. pension fund wants to take part in constructing the Belene nuclear power plant