Serbia Mulls Upping Share in Bulgaria's Nuclear Project

Energy | November 9, 2010, Tuesday // 09:44|  views

The site of NPP Belene in Northern Bulgaria. The project started as early as 1981, but since then little has been done. Bulgaria is now loking for a new investor and funds to complete the project. Photo by BGNES.

Serbia will attempt to increase its share in Bulgaria's future Belene Nuclear Power Plant (NPP) from the initially proposed 1% to 2% to 5%.

The information was reported by the Serbian daily Blic, citing Belgrade authorities.

The article notes the cabinet has until Saturday to finalize their plants about partaking in the NPP to be built in the Bulgarian Danube town of Belene.

Most experts say Bulgaria's deadline is too tight for a decision involving investments in the amount of millions of EUR.

Serbian Energy Minister, Petar Skundric, has reiterated the country's interest in the NNP, but also pointed out more time was needed in order to make a final decision.

The November 13 deadline was given by Bulgarian Prime Minister, Boyko Borisov, because this is the day when his Russian counterpart, Vladimir Putin, will be in Sofia to finally resolve all issues related to the project, Blic writes.

The publication points out experts insist many more talks and agreements would be needed and are forthcoming while Serbia must also take a look at its own energy sources along with securing EUR 40 to 70 M and ever EUR 350 M in case the share is upped to 5%.

The Serbian decision must be made at times when the country's National Electric Company (EPS) faces staggering losses and "the State treasury is empty," according to the article.

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Tags: Boyko Borisov, Croatia, Serbia, Belene, Belene NPP, danube, Boris Tadic, Jadranka Kosor, Vladimir Putin, Russia, Petar Skundric


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