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Construction of NPP Belene to start with Russian money

Date: 25.01.2007

Russian money will be used for the construction of Bulgaria's second nuclear power plant - Belene, learned the Standart. The National Electric Company (NEC) confirmed that Atomstroyexport would finance all analyses and construction works for the first year after the launch of the project. Later Bulgaria will repay the loan with an interest. Officials with the NEC said that Bulgaria would keep its 51% majority share in the project. Several foreign energy giants have already proposed to provide funds for Belene in exchange for shares.

A meeting between officials with the NEC, representatives of the nuclear plant, district governors and Atomstroyexport will be held in the end of the week. After that experts with the NEC and the Russian contractor will identify which of the equipment that is currently on the site could be used in the construction.

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