Bulgarian Nuke Gets EUR 50 M to Dismantle 2 Units

Business | September 21, 2006, Thursday // 00:00| Views: | Comments: 0
  • Send to Kindle

The only operating nuclear plant in Bulgaria, at Kozloduy, will be funded with EUR 50 M to ease the dismantling of two of its units.

The free financing to be provided by the European Commission was approved Thursday under the draft project of a financial agreement between Sofia and Brussels, under the PHARE program.

Earlier in June the Economy and Energy Ministry announced plans to partially dismantle equipment at two mothballed reactors at its nuclear power plant at Kozloduy as a guarantee to the European Union that it will not attempt to reopen the facilities.

Bulgaria agreed in 2002 to mothball two of the six Soviet-type reactors at Kozloduy in the northwest of the country and to shut down a further two at end-2006 to secure a chance of joining the EU on 1 January 2007.

Kozloduy's reactors five and six, which are of a more modern design, are to remain in service.

Official estimates have shown that after closing the reactors Bulgaria will have to cede its position as top energy exporter in the Balkans and some energy experts have called on statesmen to renegotiate the shutdown.
Business » Be a reporter: Write and send your article
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria