All news

Future of Russia’s Belene NPP project to be decided in three weeks

The project will be either approved or curtailed on the basis of estimates of its effectiveness, price and security

SOFIA, January 12 (Itar-Tass) —— The future of the Russian project for building the Belene nuclear power plant in Bulgaria will be decided within three weeks. “The project involving the Russian company Atomstroiexport will either be given a go-ahead, or the project will be dropped,” Bulgarian Prime Minister Boyko Borisov said on national television.

“The project will be either approved or curtailed on the basis of estimates of its effectiveness, price and security,” the Bulgarian prime minister said.

The bidding contest for the Belene NPP was declared in 2005 and Atomstroiexport emerged the winner. On November 29, 2006 the National Electric Company and Atomstroiesport signed an agreement on building the nuclear power plant, which in early July 2011 was prolonged for three months up to September 30. Atomstroiexport and the NEC on September 30 last year signed a new agreement in Sofia to prolong the talks on the Belene NPP project until March 31.