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Financial problems in Bulgarian nuclear plan

German RWE withdraws from nuclear plant project in Bulgaria due to financial issues Washington Examiner Associated Press10/28/09 EDTSOFIA, BULGARIA — German utility RWE AG has announced its withdrawal from a joint nuclear plant project due to problems with its financing, Bulgarian energy officials said on Wednesday.Galina Tosheva, head of Bulgaria’s energy holding, said that RWE was pulling back because of the global financial crisis and uncertainty about the funding of the project. Deals on the contruction contractor and finance had not been reached………………..

Bulgaria invested more than $1 billion in Belene, but froze the project in 1990 after environmentalists said it could pose a safety risk.

German RWE withdraws from nuclear plant project in Bulgaria due to financial issues | Washington Examiner

October 29, 2009 - Posted by Christina Macpherson | 1, business and costs, EUROPE | antinuclear, nuclear, nuclear costs, nuclear spin, nuclear wastes, radiation, radioactive, uranium