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Bulgaria Signs Belene Nuke Deal

Business | November 29, 2006, Wednesday

Bulgaria: Bulgaria Signs Belene Nuke Deal
Economy and Energy Minister Rumen Ovcharov (C) and Atomstroyexport head Sergey Shmatko (R) celebrated the signing of the contract with a glass of champagne. Photo by Nadya Kotseva (Sofia Photo Agency)
Bulgaria's National Electricity Company officially signed the preliminary contract for constructing its second Nuclear Power Plant in Belene.

Russian Atomstroyexport landed the contract in a tender and its head Sergey Shmatko put his signature together with that of NEC Chief Manager Lyubomir Velkov and the company's CEO Mardik Papazyan.

Economy and Energy Minister Rumen Ovcharov and France's Ambassador to Sofia Yves Saint-Geours also attended the signing in the Council of Ministers.

Shmatko vowed that his company would start working on the plant's construction right away. Atomstroyexport has to build two 1,000 MW light-water reactors in Belene for the price of nearly EUR 4 M.

The other bidder in the tender - Czech Skoda Alliance - did not object the final decision, leaving no obstacles before the launch of the project for Bulgaria's second Nuclear Power Plant.

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What is the most important conclusion from the Sofia Mayor elections on November 15, 2009?
That the ruling party GERB of PM Borisov continues to be hugely popular, whereas the Socialists are pretty much out.

That the decline of the Socialist Party has stopped whereas the ruling party GERB has failed to attract the expected very high number of voters.

That the Sofia residents are either completely disillusioned with politics, or care little about who is Mayor.

That the record-high jackpot of the Bulgarian State Lottery "Toto" generated much greater interest than the Mayor elections.

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