Bulgaria Hopes for EUR 300 M More in N-Plant Compensations

Business » ENERGY | September 9, 2009, Wednesday // 16:38| Views: | Comments: 0
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Bulgaria: Bulgaria Hopes for EUR 300 M More in N-Plant Compensations Talking to reporters in Brussels, Minister Traicho Traikov stressed that the European Commission backs Bulgaria's demands, but the final decision is up to the member states. Photo by BGNES

The decision for granting Bulgaria additional EUR 300 M in compensations for the closed four reactors at Kozloduy nuclear power plant will be taken within a month, the country's economy and energy minister said in Brussels.

Brussels is to pay by the end of the year all EUR 550 M of compensations that it had promised for the decommissioning of the two units in 2006, but the government hopes to receive aid under Europe's recovery plan, which is expected to be discussed on September 17.

Talking to reporters in Brussels, Minister Traicho Traikov stressed that the European Commission backs Bulgaria's demands, but the final decision is up to the member states.

Bulgaria's previous Socialist-led government first called for additional money a year ago and even went as far as to ask Brussels to compensate the country for the double blow of the gas crisis and the global economic slowdown by allowing a restart of the units.

The European Commission however has been adamant that a relaunch of the two Soviet-era reactors at Bulgaria's sole nuclear power plant is out of the question.

 

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