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belene1

  There are so many problems embedded in Bulgaria’s oldest infrastructure veteran that it comes as a surprise that a new resuscitation attempt is undertaken. The government stubbornly insists it is obliged to continue, since a lot of money has been already spent – over BGN 3 billion. While true, the issue is still, if previous failed attempts have been a flop and decisions made so far found erroneous, why persist without a reasonable chance for a different outcome?   Why does Belene NPP remain a commercially unviable project?   First, nothing in the project’s economy has changed over the last ten years. Its costs have only increased. An estimate of the final tally cannot be made unless binding contracts are signed – construction, procurement, etc. The current project cost

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Christo Kovachki

  The news on the expression of interest from Rosatom, CNNC and the South Korean Hydro Nuclear Company to act as strategic investors in The Belene NPP comes as no surprise. The three companies could have filed a similar non-binding EoI a year ago without risking much, if anything. The other ‘contenders’ serve more a PR purpose, as they deal with the supply of equipment and the purchase of electricity which are irrelevant at this stage. The supplies and the subcontracting parts are sequential to the selection of the strategic investor(s). So are the long-term PPAs that should be executed at a much later stage. Mixing different items into one tender does not make much professional sense. However it is good to make headlines – a proof that there is

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Снимка: nevidimite.blindspot.bg

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Credit: Wikimedia Commons/ Huw Williams

  The Canadian Climate Leadership Council recently proposed a plan that was supported by 27 Nobel laureates in economics and other business dignitaries, calling for the introduction of a national carbon tax starting at $40 per ton of carbon dioxide. The base argumentation used was primarily economic efficiency and climate fatalism. The underlying logic seemed closer to abstract academic theory than sound economic reasoning. More has been happening recently, with an obvious reference being made to Brexit, as politicians tend to lead the public without a clear understanding of the costs and consequences, jumping into reckless actions while lacking trustworthy and elaborate impact assessments and risk analyses.   Canada is one of the zealot countries, diehard supportive of climate change policies and the Paris accords. Ottawa has been on the

Views:14361
borissov

  Electricity price hiccups over the last two months seemed timely to attest the required price assumptions for the financial model of the Belene NPP. These days, prices have returned to normal levels, but the idea of higher electricity prices, at par with revenue projections, gained some ground – ostensibly the free market at work.   There is a lot in common between the procedural patterns behind the Belene NPP and the Balkan Gas Hub. Most of the activities only nominally happen in the open – formal tender procedure, the rite observed, the end – terms agreed in advance. There is no true competition, no market interplay, no real public scrutiny, just political expediency.   Summarizing the main features of the applied policy line in pursuit of a lighter version

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tok 1

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belene1

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ilian vassilev

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belene ploshtadka

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