Funding

The activities and financial support of SERAW are funded through funds from the Radioactive Waste Fund (RAWF) and Nuclear Facilities Decommissioning Fund (NFDF) administered by the Minister of Energy pursuant to the terms and procedures:

•    Act on the Safe Use of Nuclear Energy (ASUNE);

•    Regulation for the procedure for assessment, collection, spending and control of the financial resources and definition of the contributions due on the Radioactive Waste Fund;

•    Regulation for the procedure for assessment, collection, spending and control of the financial resources and definition of the contributions due on the Nuclear Facilities Decommissioning Fund.

The activities on decommissioning of nuclear facilities are also financed through funds from the Kozloduy International Decommissioning Support Fund (KIDSF) administered by the European Bank for Reconstruction and Development (EBRD).

The relations between the RAWF, NFDF and SERAW are regulated by means of contracts, which shall be annually signed between the Chairman of the Management Board of the RAWF, NFDF respectively and the Executive Director of the Enterprise, and the relations with the EBRD – by means of Grant Agreements.