Bulgaria's Nuclear Power Plant Kozloduy met the annual electricity production target of 16 billion kWh on December 21.

The output marks a fall of some 3 billion kWh over the previous year, although projections show that the plant will surpass plans by 4-5% by December 31.

Revenues are also expected to fall 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.

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