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Commenting article: Rosatom: Bulgaria Will Not Pay for Belene Nuclear Plant

Russian state company Rosatom has urged Bulgaria to sign another agreement for the construction of the Belene nuclear power plant.

The company announced Sunday that Bulgaria will not have to pay anything from the state budget for the construction of the plant, while at the same time it will be allowed to keep 51% of the project.

The project company can attract independently the insufficient credit resources with a redemption date starting at the time when the first unit of Belene NPP starts selling out energy abroad, and with a redemption period of about 20 years, Rosatom's statement said.

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#1
Taro - 21 Feb 2011 // 10:51:56

This plant is useless, too expensive, the environmental still exists (Belene lays in a earthquake active area) and there is no need for the energy, neither in Bulgaria nor in the neighbour states.

Russia uses Belene as a part of their geo strategical plans and to get a step into the energy markets in the EU.

BTW, there ain't nothing like a free lunch.

Best,
Taro

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