Bulgaria PM Favors German Investors for Nuclear Project

Business » ENERGY | May 17, 2010, Monday // 21:30
Bulgaria PM Favors German Investors for Nuclear Project: Bulgaria PM Favors German Investors for Nuclear Project Bulgaria’s Prime Minister, Boyko Borisov (l) met Monday with the Prime Minister of the German Province of Baden-W?rttemberg. Photo by BGNES

Bulgaria has all permits and could begin the construction of its second Nuclear Power Plant (NPP) in the Danube town of Belene as early as tomorrow, Prime Minister, Boyko Borisov says.

Borisov spoke during his meeting Monday with the Prime Minister of the German Province of Baden-Württemberg, Stefan Mapus, pointing out the NPP could turn into one of the most significant, major projects in the Balkans and in Europe.

Borisov reiterated his desire to find a European investor, adding a German company would be his personal top choice.

Two months ago, the PM declared the project is going to become part of the European energy system, but will be frozen until the government finds a new investor and funds to complete it. The investor is to replace the German energy company RWE, which withdrew last fall.

The plant was originally to be built by Russian company Atomstroiexport for EUR 4 B. The firm had signed a contract with the previous, Socialist-led government. According to publications in Czech media, Atomstroiexport have hired US attorneys to help them sue Bulgaria.

In April, Borisov turned down a EUR 2 B loan offer made by Moscow for a stake in the plant, and reiterated the cabinet will seek a full investor to finish the project.

Borisov and Mapus discussed the new EU strategy for the development of the Danube region and ways to deepen ties between Germany and Bulgaria. The Bulgarian PM pointed out the strict fiscal policies of his cabinet and its efforts to fight corruption in the country.

Borisov invited Mapus to visit Bulgaria and informed German Chancellor, Angela Merkel, is to travel to Sofia in October.

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Tags: Belene, Belene NPP, Boyko Borisov, Stefan Mapus

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