Atomic Energy of Canada Confirms Interest in Bulgaria's 2nd N-plant

Business | May 19, 2003, Monday // 00:00| Views: | Comments: 0
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Canadian state company Atomic Energy of Canada (AECL) confirmed its interest in the construction of the new Nuclear Power Plant Belene.

The cost of constructing a CANDU reactor in Belene will range between USD 1 B and USD 1,5 B, said Joh Saroudis, an official from (AECL), who is on the Canadian business delegation on a visit to Bulgaria to explore the investment prospects here.

In the opinion of Saroudis the main problem in constructing Belene will be the way of financing the project. The Canadian company may partly finance the project but only if the Bulgarian state provides a considerable part of it.

Along with Russian Atomstroyexport, American Westinghouse, French Framatom, Czech Skoda, the company submitted a principal bid for Belene construction at the beginning of April.

At the end of December last year Bulgaria's Cabinet lifted the ban on the completion of Bulgaria's second nuclear plant. The project for its construction was shelved in 1992 after pressure from environmentalists.

Its launch is part of Bulgaria's efforts to keep its position of a Balkan energy leader.
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