Bulgarian Nuclear Plant Stress-Test to Cost BGN 12 M

Business » ENERGY | May 31, 2011, Tuesday // 12:14
Bulgarian Nuclear Plant Stress-Test to Cost BGN 12 M: Bulgarian Nuclear Plant Stress-Test to Cost BGN 12 M A picture of the new dry spent nuclear fuel storage facility at Bulgaria's Kozloduy NPP. Photo by BGNES

The stress-test of the Bulgarian Kozloduy Nuclear Power Plant, NPP, required by the European Union, will cost anywhere between BGN 10 and 12 M.

The information was reported by the company's CEO, Kostadin Dimitrov, during a public debate on electric power prices, held Monday at the State Commission for Energy and Water Regulation (DKEVR).

According to the CEO, DKEVR failed to acknowledge some of the important expenses of the NPP when determining the new prices of electricity, effective July 1, such as expenses for fuel, for energy for Units 3 and 4, and for the safety and security tests.

"We are not trilled by your proposals. You did not take into account the BGN 20 M Kozloduy will have to spend on nuclear fuel – we were able to obtain, for the next three years, supplies at prices 2-3% lower, but currently we still place the orders under the old prices and this must be acknowledged," Dimitrov told DKEVR representatives.

The NPP management proposes to DKEVR to lower the mandatory quota for the sale of electric power by the company at capped prices. The quota now stands at 70%, which the CEO says is inapplicable because everything Kozloduy needs comes at marker prices while it is asked to provide 70% of the electric power on a regulated market.

The DKEVR Head, Angel Semerdzhiev, said the quota can be lowered since the NPP is the cheapest plant in the country, but the issue needs further examining and discussions.

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Tags: Angel Semerdzhiev, Kostadin Dimitrov, electric power prices, DKEVR, fuel, nuclear, Nuclear Power Plant, Kozloduy NPP
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