Bulgaria Unfreezes N-plant Project

Business | May 3, 2004, Monday // 00:00| Views: | Comments: 0
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The Cabinet officially announced its decision for resuming the construction of Bulgaria's second nuclear power plant at Belene.

Prime Minister Simeon Saxe-Coburg and ministers from the Cabinet visited the Danube port of Belene on Monday and presented the main stages in the implementation of the project to build a nuclear plant.

"The plant is necessary to secure stable and affordable energy for the country," the prime minister said. "It will also help Bulgaria keep its leading position on the energy market after 2010."

Completing the project will cost some USD 2 B, but financing details will be worked out later.

The Belene project was shelved in 1992 over protest from environmentalists and lack of funds.

The government ruled to resurrect the mothballed project at the end of last year, while sticking to its engagement to close four Soviet-designed reactors at the nowadays only working plant at Kozloduy.

The Canadian Atomic Energy of Canada Ltd (AECL), Czech and Russian companies have declared their interest to bid for the power station construction.

Earlier in the day the European Integration Council held its first outdoor session in the town of Vratsa.

Development of the Northwestern Region and projects in the pre-accession period were on the agenda of the meeting, attended by the prime minister, Cabinet ministers, representatives of the Delegation of the European Commission to Bulgaria, the European Investment Bank, the European Bank for Reconstruction and Development, the World Bank and the USAID.
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