EU Pays for Bulgaria's Nuke Safety

Business | June 17, 2004, Thursday // 00:00| Views: | Comments: 0
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Bulgaria's power plant Kozloduy will be financed with EUR 61.9 M for the decommissioning of its two oldest units.

A EU financial aid program has envisaged assisting Bulgaria meet expenditures on the closure of units 1 and 2, closed on December 31, 2002.

About EUR 2 M of the total aid is slated for the state nuclear watchdog to support its work on compliance with procedures for both units' decommissioning.

The EU has vowed to provide a total of EUR 550 M to help Bulgaria offset huge spending on reactor closures and losses that they would entail.

In the course of accession talks, Bulgaria has agreed on the closure of another two units on the grounds of EU concerns over the safety of Soviet-designed 440-MW pressurized water reactors. The EU claimed they lack a concrete safety encasement that would prevent radioactive stuff from spreading in case of an accident.

Decommissioning units 3 and 4 was set as a precondition for the country's accession to the EU in 2007, as scheduled.

The nuclear lobby and Bulgarian opposition parties, including the head of state Georgi Parvanov, protested that the reactors are economically necessary and called EU demands "arm-twisting."
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