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The Belene Nuclear Power Plant project that Bulgaria abandoned in March is still the most profitable and the most fully prepared to be launched among all nuclear projects in Europe, according to Rosatom head Sergey Kiriyenko.
Kiriyenko has noted that the Russian state-owned company respects Bulgaria's decision to scrap the project, the Bulgarian BGNES news agency reports.
"I am now more cautious regarding the Belene NPP, since we have done everything possible to save it. I still believe that Bulgaria will someday reconsider its stance on the Belene project," Kiriyenko has been quoted as saying.
Earlier on Monday, Bogomil Manchev, Chairman of the Bulgarian Atomic Forum BULATOM, stated that a private investor could possibly purchase the abandoned project by the end of 2012.
However, Bulgarian Economy and Energy Minister Delyan Dobrev declared that he does not know of a particular strategic investor which might revive the Belene project.
After almost three years of balking at it, Bulgaria's center-right GERB cabinet abandoned the NPP project in March 2012, declaring it to be "economically unfeasible". The plant was supposed to be built by Russian company Atomstroyexport, a subsidiary of Rosatom.
The construction of the Belene Nuclear Power Plant would have cost EUR 10.35 B in the best case scenario, according to the estimates of Bulgarian government's consultant for the project, the HSBC bank.
For the ninth consecutive year (excluding 2022), the electrical industry remains the largest contributor to Bulgaria's exports, as reported by the Bulgarian Association of Electrical Engineering and Electronics (BASEL)
European natural gas prices have climbed above €55 per megawatt-hour for the first time in 16 months, driven by colder temperatures across the continent that are increasing demand for heating fuel
Serbian oil and gas company NIS, controlled by Russia’s Gazprom, is considering exiting its operations in Bulgaria and Romania due to ongoing difficulties in both markets
The Russian company Lukoil initiated the process of selling its Bulgarian assets in June last year, Prime Minister Rosen Zhelyazkov announced during a parliamentary hearing
In 2023, 10.6% of the population in the European Union reported being unable to keep their homes adequately warm
The Bulgarian government has announced a program to compensate businesses and non-household electricity subscribers for high energy costs until the end of March
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