Bulgarian State with Majority Stake in New N-Plant

Business | May 10, 2004, Monday // 00:00| Views: | Comments: 0
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The state will hold at least 51 % in Bulgaria's second nuclear power plant, the energy minister has said.

Milko Kovachev told Reuters that the price of Belene-produced energy would be competitive.

The plant in Belene should be built by 2010. Its construction was stalled in 1990 over financial problems, and after protests of environmentalists. In the beginning of this month the project was officially unfrozen. Prime Minister Simeon Saxe-Coburg then said the government would choose a private investor by the end of the year.

Around two billion levs are expected to be absorbed into the building of the plant.
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