nuclear-news

Bulgaria opposition urges freeze of nuclear project | Reuters

Bulgaria opposition urges freeze of nuclear projectTue Apr 21, 2009 – “………………….. SOFIA, April 21 (Reuters) – Bulgaria’s rightist opposition urged the government on Tuesday to freeze a multi-billion project to build a new nuclear power plant due to problems with funding in times of a global economic crisis…………..

…………sources close to the project say the state-owned utility NEK, which has a 51 percent stake in the project, has problems raising funding and Belene faces a delay. The government has estimated costs at 4 billion euros ($5.16 billion) but analysts and sources have said the price tag was more likely to be 6 billion. ………………………

“Bulgaria is the only European Union country which intends to build a nuclear power plant and take such huge loans in times of financial crisis,” UDF’s chairman Martin Dimitrov said.

He said such loans would only add to the economic pain Bulgaria was now experiencing and urged parliament to interfere and try to stop taking loans from Russia.

Bulgaria opposition urges freeze of nuclear project | Reuters

April 22, 2009 - Posted by Christina Macpherson | business and costs, EUROPE