Bulgaria considers reviving 2000 MW nuclear project

A US-registered consortium is in talks with the Bulgarian government about building a 2000 MW nuclear reactor, which had previously been shelved.

Representatives of the recently registered Global Power Consortium have expressed interest in taking over the project to install two 1000 MW nuclear reactors at the Danube River town of Belene.

Nuclear power plant
Prime Minister Boiko Borisov said he would consider the bid serious if the investors deposit $258m, agree to take up all liabilities of Belene so far and build it without state guarantees or long-term power purchase agreements.

If all the government conditions are met, a decision to restart the project can be taken next March, Energy Minister Delyan Dobrev said.

Bulgaria quit the Belene project in March after failing to attract Western investors for the plant, estimated to cost more than $12.84bn and on concerns it will increase Russia's influence on its energy sector.

Russia's Atomstroyexport has demanded compensation over the cancellation of the plant, which it had originally been contracted to build.

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