Russia Eyes Bulgaria's Energy Sector

Business | October 2, 2004, Saturday // 00:00| Views: | Comments: 0
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Bulgaria and Russia will sign a long-term program of bilateral cooperation in the sector of energy during the visit of Russian Prime Minister Mikhail Fradkov to Bulgaria on October 19-20.

The document, which has already been drafted, is going to be discussed by experts and handed over to the Bulgarian side through diplomatic channels, according to Russia's government staff head Sergei Naryshkin, who took part in the Russian-Bulgarian intergovernmental commission for trade, economic, research and technology cooperation.

Russia also declared interest in cooperation in atomic energy, particularly the upgrade of units at Bulgaria's sole nuclear plant Kozloduy, supplies of nuclear fuel and return of spent fuel to Russia.

Bulgaria has recently revived the plan to build a second nuclear power plant on the Danube river a decade after it was shelved amid protests from environmentalists.

The move came in response to the closure of two units at Kozloduy in 2002. The shut-down of the two oldest units came after many years of concern over their safety, strong pressure from the European Union, protests from the nuclear lobby and opposition parties that the reactors are economically necessary.
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