Bulgaria Belene NPP to be 25% more Expensive

Business » ENERGY | May 28, 2009, Thursday // 15:04| Views: | Comments: 0
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Bulgaria Bulgaria Belene NPP to be 25% more Expensive: Bulgaria Belene NPP to be 25% more Expensive Since the beginning of the project in 2007, its price has increased by 9%. File photo

The price of the Bulgarian Belene Nuclear Power Plant will increase by 20-25% until the plant is operational.

The announcement was made Thursday by the lead project supervisor, Ivan Atanasov.

Since the beginning of the project in 2007, its price has increased by 9%, Atanasov said.

In his words, Bulgaria's National Electric Company (NEK), and the German contractor, RWE, which are shareholders in Belene NPP, have negotiated with the constructors from Atomstroyexport to use Eurostat indexes when calculating the rise.

For the work done by Bulgarian contractors (around 30% of the project) the calculations will be made according to the Bulgarian indexes, Atanasov explained.

The prices for the Russian contractor, Atomstroyexport, however, are fixed with a lower and upper limit, the project supervisor added.

Russian Prime Minister, Vladimir Putin, gave Thursday the green light to a EUR 3,8 B loan for the construction of Bulgaria's second nuclear power plant at Belene.


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