Projections set Bulgaria's Nuclear Power Plant Kozloduy electricity production at 16 billion kWh at the end of 2003, which marks a fall of some 3 billion kWh over the previous year, Yordan Kostadinov, Executive Director of the nuclear plant, announced.

Revenues are also expected to shrink by some BGN 130 M in comparison with last year. The fall comes as a result of the closure of the two Soviet-made, 440-megawatt, water-pressure reactors at the end of 2002. They had been in operation since 1974 and 1975 and ended their working lives as a precondition for a start to EU membership negotiations. The two reactors produced the cheapest electricity in the Balkans.

At the end of last year Kozloduy reported record high figures of electricity production since it started its operations twenty-eight years ago.

Some 40% of Kozloduy's spent nuclear fuel has been transported for storage and processing in Russia, which is paid an average of USD 608 per ton.

The construction a new storage for spent fuel at Kozloduy has been scheduled to be complete by 2008.

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