The economic consultancy firm Candole has published a study debunking five alleged "myths" about Bulgaria's potential second NPP, arguing that the country should abandon the project.

In its research document, Candole, which is based in Bucharest and Prague, notes a deficit in the public debate and awareness about Belene NPP details in Bulgaria and attempts to fill that gap.

The five alleged myths about the NPP project that the study draws attention to are: (1) Belene will produce cheap energy, (2) It will statisfy growing electricity needs, (3) It will export part of its production, (4) It will guarantee Bulgaria's energy security, and (5) Further investment is motivated by an already spent EUR 0.6-1 B.

In particular, Candole's study argues that there is no significant domestic growth in electricity consumption to be expected.

Furthermore, it somewhat perversely argues that given that the neighboring countries are currently boosting their energy capacities, there is no certain foreign demand for Belene NPP-produced electricity in store.

Candole estimates that taking expensive investments into account, Belene electricity will come at anywhere between EUR 21 and 80 per MWh, which is expected to make it several times more expensive than the energy currently produced by Kozloduy NPP.

To boot, according to the report in Bulgaria's case nuclear energy actually makes the country more and not less energy dependent, as it makes it rely on nuclear fuel imported from abroad at unpredicatable prices.

Candole concludes that "It is not too late for Bulgaria to give up misguided plans to build NPP Belene."

You can read the full study in English HERE.

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