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From Bulgaria
28.02.2014 17:28
© publics.bg
Energy companies’ dividend should be a matter of state policy, Ivan Genov, CEO of Bulgaria’s Kozloduy nuclear station said today during a press conference. The NPP’s management requested from its parent company - the Bulgarian Energy Holding (BEH) and its principal – the Ministry of Economy and Energy, to be exempt from paying dividend until the end of the modernization of its two operating 1000-megawatt units 5 and 6 in 2021.
“This will guarantee that there will be no decapitalisation of Kozloduy NPP, thus the company being able to finance the resource extension of the two units. This should be currently considered Bulgaria’s top priority energy project”, Genov said.
He blamed the introduction of a renewable energy component in the price formation for electricity exports which practically reduced electricity exports from Bulgaria to zero in the first half 2013. Nevrtheless Kozloduy NPP managed to overturn this negative tendency, which chipped of BGN 5.9 million off of its revenue, in the second half finishing the year with a positive financial result of about BGN 38 m. Additional BGN 11 were spent for covering a water usage fee for 2012. Genov criticised severely ex-financial minister’s policy, stating that “the Diankov typhoon” blew away as much as 80 percent of the dividend of state-owned energy companies.
Current analyses carried out by Russia’s Rosenergoatom and France’s EDF showed that the two 1000-megawatt units of Kozloduy could have their life extended with 30 years at one time, instead of 20+10 years – the most pessimistic option considered by the management of Kozloduy NPP. Deputy CEO Alexander Nikolov announced that the procedure for receiving 10-year permits from Bulgaria’s Nuclear Regulatory Agency, starting as of 2017 and 2019 respectively for each unit, was underway according to schedule.
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