Alexander Nikolov: There is no scandal with Gemcorp, it was invented to control energy and the entire economy

Energy / Bulgaria
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Source: Council of Ministers, archive

The scandal surrounding the memorandum with Gemcorp is growing. According to GERB, he was not terminated by the "Petkov" office. On Friday, the DANS, the Ministry of the Interior and the prosecutor's office were contacted to check the status of this arrangement. According to Boyko Borisov's party, it is putting all the energy in the hands of an offshore company. The next step that GERB should take is to refer the FBI, Alexander Nikolov, who was Minister of Energy in the "Petkov" cabinet, ironically stated to BNR.

"There is no scandal, it was created by a small group of people justifying their inability to do anything in the last 12 years". He explained its creation with the availability of large financial resources in this sector.

"Control of energy is control of the whole economy and social life, and of what would happen in the next election. Lying has become standard in the media. There is no difference between a document that says on the front page that it is non-committal, with one that is engaging. The official minister uses the same supports, provided that no data is given," explained Nikolov.

Alexander Nikolov also explained how the company "Jemcorp" came to Bulgaria. "In February 2022, we visited the USA and had meetings with numerous investors. After them, many things happened in Bulgaria. "IP3" was looking for a financial partner to implement technological and corporate non-committal documents with the state in Bulgaria.

The company identified Gemcorp as a financial partner. Every energy project is a heavy investment. In "IP 3" there are former US ambassadors, representatives of the army and other military structures. The company is developing some of the most sensitive technologies that will soon be available in the energy sector. When such a company identifies a partner, the filter and strainer you have to go through is serious. The natural process is to give this company the opportunity to implement investment activity in Bulgaria, which contributes to the transformation of the sector".

Nikolov recalled what was said by the executive director of Gemcorp, according to whom letters of intent to invest were entered into several institutions. The former Minister of Energy also explained that interest was also shown in Sofia District Heating. Bulgaria as a net exporter generates huge funds. Due to the policy in Bulgaria, however, the sector will turn from a leading one into an average one.

Alexander Nikolov defined as "an illiterate construction" the statement that Kiril Petkov's government has set in the Recovery and Sustainability Plan a reduction of emissions by 40% by 2026, which cannot be done without closing the coal plants.

"The reduction of carbon emissions will happen by itself. The technology that is currently being developed and applied already outside will allow this to happen. Two-thirds of the coal plants are corporately managed - TPP 1 and TPP 3 have a plan to modernization. Their carbon emissions will look different."

What threatens the workers in the mines in the Stara Zagora region is a propaganda structure from the budget, which provides compensation for the business in the amount of BGN 200, he further explained.

Nikolov also commented on Rosen Hristov's claim that the derogation given by the EC for Russian oil provides for the export of the products produced by it.

"When the spokesperson of the EC comes out and says several times that it is not so, but we have a small governorate and we have decided that we will do what we want, it is insulting. To protect corporate interests and Lukoil, in a situation that they are not saying what percentage of the oil they process is Russian and what the transformation plans are. The derogation aims to give the company time to process oil that is not Russian."

He explained that the prices of energy resources in our country are the lowest in the EU, and the reason for this is the structures of excise taxes and customs duties.



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