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Commenting article: Russia Strikes Back at Bulgaria over Belene NPP Price, RWE Quitting

The proposed price for the construction of two 1000 MW units of what was supposed to become Bulgaria's second nuclear power plant, Belene, was EUR 6.3 B, not EUR 10 B, as Bulgarian Prime Minister Boyko Borisov claims, Russian state company Rosatom stated on Tuesday.

The reaction of the Russian firm, whose subsidiary Atomstroyexport was supposed to build the Belene NPP before the Borisov Cabinet terminated it almost a year ago, comes after on Monday the Bulgarian government revealed secret documents from the Economy Ministry demonstrating why German energy company RWE quit Bulgaria's nuclear project in 2009.

According to Rosatom spokesperson Sergey Novikov, Bulgarian PM Boyko Borisov's statements that the planned price for the construction of the Belene nuclear plant was EUR 10 B are extremely perplexing.

mattbg - 22 Jan 2013 // 21:40:32

isn't this the whole point? the original "planned" price was 4bn, then the russians next "planned" price when it's almost too far gone to exit is 6bn, and the REALISTIC estimated price by the germans is close to 10bn.... perhaps the russians should guarantee the price will never ever exceed the original 4bn, and then they'll have investors biting their hand off. not going to happen though.

it would be very interesting to see where all of the money already spent has gone - i'd imagine there's a lot of current and ex politicians with large engineering consultancy fees who have qualifications very similar to mr dogans....

Richie - 22 Jan 2013 // 21:15:32

A payback time of 19 years means a return on investment of 5.25%. My bank gives more...

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