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Bulgaria trying to get private investors for its nuclear project

Bulgaria Seeks Private Investors for Nuclear Project, US News,  May 11, 2017, SOFIA (Reuters) – Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was canceled five years ago, Prime Minister Boiko Borisov said during a phone call with Russian President Vladimir Putin on Thursday.

Sofia canceled the Belene project in 2012 after failing to find foreign investors and under pressure from Brussels and Washington to limit its energy dependence on Russia………It hopes to privatize the nuclear plant project after it paid more than 600 million euros ($652 million) in compensation to Russia’s state nuclear giant Rosatom when it canceled the 10 billion euro project. Rosatom had agreed to provide the nuclear reactors…….https://www.usnews.com/news/world/articles/2017-05-11/bulgaria-seeks-private-investors-for-nuclear-project

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May 12, 2017 - Posted by | Bulgaria, business and costs

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