Bulgaria Receives EUR 85 M for Closing N-Plant

Politics | June 9, 2005, Thursday // 00:00| Views: | Comments: 0
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The European Union (EU) will pay to Bulgaria a complimentary EUR 85 M compensation for the closedown of the Kozloduy nuclear power plant, it emerged on Thursday.

The sum has been specified in a financial memorandum of the Bulgarian Cabinet and the European Commission (EC).

Kozloduy's work should be halted by 2007 in order for Bulgaria to be accepted into the EU.

In April, Bulgaria greenlighted the project for building a new nuclear power plant, in the town of Belene. The next step will be the opening of an international tender for a supplier and constructor.
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