Atomic Energy of Canada: Weight up Pros, Cons from Bulgaria's 2nd N-plant

Business | January 16, 2004, Friday // 00:00| Views: | Comments: 0
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Atomic Energy of Canada: Weight up Pros, Cons from Bulgaria's 2nd N-plant Reps from Atomic Energy of Canada are heading for their meeting with Bulgarian journalists. The company, Italy's Ansaldo Nuclear and Japan's Hitachi and Itochu eye the construction of Belene N-plant. Photo by Gergana Kostadinova (novinite.com)

Atomic Energy of Canada, one of the foreign companies that eye the construction of a second nuclear power plant in Bulgaria, recommended to the Bulgarian government to either back with arguments the project or decide on using alternative technologies which enjoy popularity in the European Union. The President of the Canadian company also called on the government to weigh up the economic pros and cons and choose the appropriate technology.

A day earlier chiefs of four world-leading energy companies enquired about opportunities for the construction of Bulgaria's second nuclear plant in Belene at a meeting with Prime Minister Simeon Saxe-Coburg. Presidents and vice-presidents of Atomic Energy of Canada, Italian Ansaldo Nuclear and two Japanese energy companies, Hitachi Corp. and Itochu Corp., attended the meeting.

The Canadian company is willing to form a tie-in with Japanese energy companies Hitachi Corp. and Itochu Corp. to sell to Bulgaria two reactors for the future nuclear plant.

President of Atomic Energy of Canada promised to seek cooperation from local energy company and international institutions for securing credits.

Canadian state company Atomic Energy of Canada (AECL) is one of the five companies, which confirmed their interest officially in the construction of the new Nuclear Power Plant Belene last year. Its principal bid includes the application of Canadian technology CANDU.

On Dec 19, 2002 Bulgarian government 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.
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