Bulgaria Needs Belene Nuke - Minister

Business | January 27, 2006, Friday // 00:00| Views: | Comments: 0
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Building new nuclear power plant in Belene, in the north of Bulgaria, is necessary considering the country's need of energy resources, Economy and Energy Minister Rumen Ovcharov said Friday.

Ovcharov, who spоke before Parliament, explained that the growing petrol prices worldwide make it even more sensible to use nuclear fuel. This type of fuel is cheap, and with high concentration, which turns a nuclear power plant into a cheaper electricity provider, Ovcharov said.

Currently the more profitable option, from an economical point of view is building a power plant in Belene, rather than adding two more units to the Kozlody plant, Ovcharov said, answering an MP's question. He explained that Bulgaria could think about these two additional units in 2015.

The minister also added that the energy strategy of the country is being carried out as planned. It needed, however, to be actualized sometime in 2006, because the new situation in the country and its membership in the regional and EU energy market had to be taken into account.]

The European Union is also working on renewing its energy policy - a move that had to be noted in Bulgaria's energy strategy, Ovcharov explained.
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