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Bulgaria signs six gratuitous finance agreements
Last update: 2008-08-01 00:50:48

Bulgaria signs six gratuitous finance agreements

Vice-Minister - Meglena Plugchieva and Minister of Economics and Energetic - Petar Dimitrov will represent Bulgaria on the official ceremony signing six gratuitous finance agreements at the amount of € 46.535 mill EUR.

Those agreements are preliminarily approved by the Donor Assembly of the International "Kozloduy" Fund (IKF). Their subject is the following:

• financing of projects related to "Kozloduy" NPP's activity;
• providing energy efficiency in public buildings;
• gas-main construction;
• rehabilitation and expansion of the electro conductive grid, etc.

Since the foundation of IKF have been signed 28 agreements all at the amount of € 370 mill EUR to finance projects in regard to decrease of negative economic, ecologic and social consequences due to off exploitation of 1-4 blocks of "Kozloduy" NPP. Furthermore, extra investments to the value of more than € 450 mill EUR have been involved.

Support given to Bulgaria by IKF presents a development and incorporation of good practices and new methodologies modus, acknowledged internationally by the European Commission. A method like this sustains Bulgaria in taking the blocks out of exploitation by decrease of the negative economic, social and ecology problems supervening.

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