RWE pulls out of Belene project

摘要

German utility RWE has notified state-owned Bulgarian Energy Holding (BEH) of its intention to withdraw from the Belene project, according to press reports. BEH executive director Galina Tosheva made the annoucement at a news conference on 28 October. The pull-out puts thernentire project in doubt. RWE has decided to abandon the project due to the economic and financial downturn and because the project had failed to achieve two of its primary goals: signing a contract with the company building it and agreeing on a financial framework, Reuters reported.