Russian company Rosatom announced on Friday it has received 620 million euros ($660 million) from Bulgarian energy firm NEK in compensation over a cancelled nuclear project. Bulgaria cancelled the Belene project on the Danube River after failing to find foreign investors and under pressure from Brussels and Washington to limit its energy dependence on Russia. An international arbitration court ruled in June that Bulgaria should pay compensation for nuclear equipment it ordered from Rosatom before cancelling the 10 billion euro project in 2012.
Reuters 9th Dec 2016 read more »
Energy Business Review 12th Dec 2016 read more »