Bulgaria's National Electric Company (NEK) and Germany's RWE Power AG signed an agreement on the establishment of the Belene Energey Company, a 51-49 joint venture for the implementation of the project to build and operate Bulgaria's second nuclear power plant. In the presence of Bulgarian Prime Minister Sergei Stanishev and Economy and Energy Minister Peter Dimitrov, the document was signed for NEK by Chief Executive Director Lyubomif Velkov and Executive Director Mardik Papazian, and for RWE Power by Executive Board member in charge of Nuclear Power Plants, Gas-/Hard Coal-Fired Power Plants, Hydropower Plants Gerd Jaeger
and Executive Vice President and Chief Financial Officer
Antonius Foss.
"The project is of enormous importance in the conditions of the global economic crisis, so as to safeguard Bulgarian citizens from the crisis that has come from abroad. The
project is of enormous importance for dozens and hundreds of Bulgarian companies and will create many jobs. A lot more remains to be done in expert and economic terms. This will be a good project for Europe and for Bulgaria which deserves to be supported," Stanishev noted.