Monday, November 28, 2005

ON-TIME POWER PLANT CLOSURE TO PRODUCE SIGNIFICANT LOSS FOR BULGARIA - Top News news

ON-TIME POWER PLANT CLOSURE TO PRODUCE SIGNIFICANT LOSS FOR BULGARIA - Top News news

The scheduled closure of the third and fourth units of Kozlodui nuclear power plant in 2006 will lead to direct losses totaling 735 million euro for Bulgaria's energy sector. This is according to a report by the International Atomic Energy Agency (IAEA), requested by the Bulgarian Cabinet. Bulgaria will also have to stop electricity exports, increasing the loss to 935 million euro, Dnevnik newspaper reported.
Foreign Minister Ivailo Kalfin said that if Bulgaria raises the question of power plant closure now, it would face delayed accession. Kalfin said his opinion coincides with the IAEA report that the two units are reliable and could continue operating for several more years. If the loss prediction is accurate, Bulgaria needs to start immediately construction of the Belene nuclear power plant. Kalfin said that the Cabinet will demand additional energy compensation from the EU budgetary framework, just like all other member countries facing similar problems. Reactor closure is an expensive procedure, Kalfin said.

0 Comments:

Post a Comment

<< Home