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Parliament approves state aid for National Electric Company over Belene NPP

The abandoned Belene NPP site
Photo: library

The National Assembly approved, at second reading, the loan for the National Electric Company (NEC) for paying the Russian Atomstroyexport for the equipment manufactured for the aborted Belene NPP project, as ruled by the Court of Arbitration.
The aid is for valuable consideration, though neither the specific amount nor the period for discharge is specified. According to the text voted, the NEC shall not owe interest on the aid used or provide security. After ratification by parliament it will have to be endorsed by the European Commission because of restrictions on state aid. 



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