Bulgaria's N-Plant Insists on Electricity Hikes

Business | January 26, 2007, Friday // 00:00| Views: | Comments: 0
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Bulgaria's sole nuclear power plant, which saw another two of its units closed last year, demands that electricity prices increase.

"Electricity prices may rise by 24% in the summer unless a 18% hike is not introduced now," Kozloduy Executive Director Ivan Genov told the national radio.

If the prices remain the same, the plant's incurred losses will amount to BGN 50 M by the middle of the year.

The other alternative is to reduce the profit of the electricity distribution companies, Genov added.
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