Power Plant Bidders Disappoint Bulgaria

Business | July 18, 2006, Tuesday // 00:00| Views: | Comments: 0
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Financial parameters offered by the two bidders to build Bulgaria's Belene nuclear plant have emerged as unacceptable.

Timelines and technical parameters suggested by Czech company Skoda Alliance and Russia's Atomstroiexport aren't satisfactory either, Bulgaria's economy and energy minister said Tuesday.

Rumen Ovcharov said negotiations would continue for at least a month, to try iron out the unfavourable aspects.

That means that the deadline for naming the winner in the tender, August 1, would have to be put off.

The EUR 2 B project was first launched in 1986, but was suspended in 1991, due to financial problems and pressure from environmental groups.

After Bulgaria closes its Kozloduy plant under pressure from the EU, Belene will be the country's sole nuclear power producer.

Its first reactor should become operational over 2013-2015. Until 2018, the second reactor should be switched on.
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