Bulgaria's N-plant Contracts German NUKEM, GNB

Business | May 31, 2004, Monday // 00:00| Views: | Comments: 0
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A contract for the design and construction of a new storage for spent fuel at Kozloduy Nuclear Power Plant was signed Monday with a tie-in between Germany's RWE NUKEM Gmbh and GNB mbh.

The contract is worth EUR 48.7 M and is financed by an international fund administered by the European Bank for Reconstruction and Development.

The new facility will be able to store casks of spent nuclear fuel up to fifty years. The design of the storage will allow expansion of its capacity.

The storage will be constructed for four years and a half, Kozloduy CEO Yordan Kostadinov announced.

Bulgaria's only nuclear power plant Kozloduy reported net profit of BGN 9,6 M for 2003, down by BGN 3.8 M year upon year due to the closure of the two oldest reactors at the end of 2002.
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