Send to Kindle
The previous Socialist government has estimated Belene costs at EUR 4 B but their successors from center-right GERB party say the price tag may tower to EUR 10 B. Photo by BGNES
By Angela Cullen
Bloomberg Agency
RWE AG's plan to expand in Bulgaria's nuclear market is on the brink of collapse because financing for the EUR 4 B project couldn't be obtained, Financial Times Deutschland reported, citing an unidentified person familiar with the situation.
Bulgaria's government will probably announce the end of the plan to build two nuclear reactors at the Belene site next week, the newspaper said.
It will be the second time in a month that a nuclear expansion project by the German utility fails, the newspaper said. A court in The Netherlands in July blocked RWE from participating in the Borssele nuclear site, FTD said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst ongoing uncertainties surrounding the Belene nuclear power plant, Bulgaria's Energy Minister, Rumen Radev, revealed on Friday a strategic decision to postpone the sale of equipment from the unfinished facility to Ukraine
Energy Minister Rumen Radev affirmed Ukraine's ongoing interest in acquiring equipment for Bulgaria's Belene Nuclear Power Plant (NPP) during an inspection of Bulgaria's gas link construction with Serbia
During his meeting in Athens with Bulgarian Prime Minister Nikolai Denkov, Ukrainian President Volodymyr Zelensky confirmed his country's interest in purchasing the two Bulgarian reactors from the unfinished "Belene" nuclear power plant and its equipment
Deputies from three parliamentary groups - GERB, WCC-DB and DPS - submitted a proposal to the National Assembly to attempt to sell equipment for the "Belene" Nuclear Power Plant to Ukraine through negotiations
The final signing of an engineering contract with the American company "Westinghouse" for the construction of two units at the site of the Kozloduy NPP is pending
Brussels will stand behind Bulgaria if it decides to complete the Belene NPP. This is clear from the words of Vice President of the European Commission Frans Timmermans. He assures that nuclear energy will play a role in the future that the EC has nothing
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria
Oil prices have surged due to renewed concerns about the Middle East conflict. Brent crude futures increased by 0.32% to 90.80 USD per barrel, while American WTI crude rose by 0.3% to 86.50 USD per barrel
Bulgaria's state-owned energy company, "Bulgargaz," has suffered a significant setback, losing 27% of its market share as a result of a contract with the Turkish company "Botas"
A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
