Bulgarian PM 'Unfreezes' Belene Nuclear Plant

Business » ENERGY | June 17, 2010, Thursday // 09:32| Views: | Comments: 0
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Bulgaria: Bulgarian PM 'Unfreezes' Belene Nuclear Plant Bulgarian PM Borisov is firm in his statements that Bulgaria is seeking a strategic foreign investor for the Belene NPP. Photo by BGNES

Bulgarian Prime Minister Boyko Borisov has reversed his words that the project for the construction of the Belene Nuclear Power Plant is “frozen”.

Speaking in Brussels late Wednesday night as cited by BNT 1, Borisov declared that the construction of Bulgaria’s second nuclear power plant was not frozen but that the government was just in the midst of a search for a new strategic foreign investor.

Last Friday, the Prime Minister made the headlines with a similar, yet different statement that the construction of the Belene NPP was frozen while the search for a new investor is going on.

The project for the new plant, which is to be constructed by the Russian state company Atomstroyexport, has run into trouble after its cost was estimated to be much higher than the previously projected EUR 4 B, and after the selected strategic investor, Germany’s RWE, which was supposed to provide half of the investment, withdrew in the fall of 2009.

The Bulgarian Prime Minister has also commented on Wednesday’s talks between Gazprom and Romania for the latter’s joining the South Stream gas transit pipeline project. He welcomed this development saying that Romania’s participation in the project is good news for Bulgaria.

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Tags: Belene NPP, Nuclear Power Plant, Boyko Borisov, Prime Minister, South stream, Gazprom, Romania
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