Wed, February 10, 2010 | » RATES: USD 1.42139,    EUR 1.95583,    GBP 2.22152 | » WEATHER: Sofia: -7°,   Varna: -7°,   Plovdiv: -8° | RSS | News on your desktop

EU: Kozloduy Units to Stay Shut Down

Bulgaria in EU | January 17, 2008, Thursday

European energy commissioner Andris Piebalgs has slammed Bulgaria's plans to restart two older reactors at its Kozloduy nuclear power plant, state news agency BTA said on Thursday.

A day earlier, Bulgarian prime minister Sergey Stanishev said the country's cabinet was lobbying for the restart of the twin 440 M units 3 and 4 at the plant, which it had to shut down hours before it joined the EU in January 2007.

As far as the European Commission is concerned, that decision is final, Piebalgs was quoted as saying by BTA.

Only an energy crisis in the region could prompt the European executive to allow the power plant to restart the two reactors, but it has contingency plans that would deal with the crisis before such a need arises.

With British Nuclear Fuels plc (BNFL) and Atomic Energy of Canada Limited (AECL) reported to be interested in operating the two reactors, Stanishev said Bulgaria could lease the units to the foreign firm that will help lobby for their restart.

Sofia estimates the lost revenue from shutting down the two reactors at EUR 2,5 B and argues that the units pose no danger, a point of view that is not shared by the EU.

» Subscribe to receive alerts by email for any of these keywords.
post your opinion | all opinions | save | print | send
Search forum:
Author: CJB, 17 Jan 2008 19:25:39
EU: Kozloduy Units to Stay Shut Down
Forget the scaremongering about an energy supply crisis in Bulgaria. It's all about money.

The National Electricity Company is swimming in an ocean of debt, and the Belene deal will increase that debt by 6 to 7 billion euros. EU money won't help pay that off, and Stanishev knows it.

2.5 billion? That could be a big revenue boost for developments like Super Borovets once some of it's been stolen and laundered by the "insiders".

» More from Bulgaria in EU:

Bulgaria Court Keeps Nationalist Councilor Yuriy Galev under House Arrest

Borisov: UK Fund to Invest BGN 100 M in Electric Car Plant in Bulgaria

A British investment fund is going to set up an electric car factory in Bulgaria’s Stara Zagora, announced Bulgarian PM Boyko Borisov, on an official visit to the UK.
Bulgaria Court Keeps Nationalist Councilor Yuriy Galev under House Arrest

Bulgaria Court Keeps Nationalist Councilor Yuriy Galev under House Arrest

Sofia Regional Court has ruled that Yuriy Galev, a nationalist municipal councilor in the Bulgarian town of Samokov, and his accomplices, are to remain under house arrest. His son will be placed under direct police supervision.

Advertisement:

A Really Bad Day

There was this guy at a bar, just looking at his drink. He stays like that for half of an hour.

Then, this big trouble-making truck driver steps next to him, takes the drink from the guy, and just drinks it all down....read

« Feb 2010 »
Mo Tu We Th Fr Sa Su
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria