Bulgarian Government Announces Plan for New Nuclear Reactors With or Without Foreign Investors.

[NNadir]

http://www.world-nuclear-news.org/NN_Bulgaria_advances_plans_for_new_nuclear_1908101.html">Bulgaria advances plans for new nuclear

The Bulgarian government has moved forward the deadline for appointing a new financial consultant for the Belene nuclear project to the end of this month, following a decision to expand nuclear capacity whether a majority investor for the plant will be found or not.

According to Bulgarian energy minister Traicho Traikov, the country's government will choose between HSBC, Société Générale or Ernst & Young and a consortium of KPMG with McGuire, Rothschild and Arjil. The groups have all bid for the consultant's role on Belene.

The minister added that, in case Bulgaria does not find a new major investor after following the consultant selection, the government will focus on the construction of a new reactor at the existing Kozloduy nuclear plant instead of Belene. Four Soviet-era reactors at Kozloduy were closed on condition of joining the EU causing a general energy defecit in the region.

Belene's initial price tag has been estimated by supplier Rosatom as being €4 billion, but an inflation target for the project was not included in this estimate. The Bulgarian GERB-led government, which came into power exactly one year ago, has concluded that the more realistic price could be anything ranging from €6 billion to €10 billion.

In 2009, Gazprom, which acquired the nation of Germany as a throwaway in a pipeline deal engineered by famous anti-nuke http://www.washingtonpost.com/wp-dyn/content/article/2005/12/09/AR2005120901755.html
">Gerhardt Schroeder, who demanded that Bulgaria close its existing nuclear reactors in order to join the European Union while working his night job as "Chancellor of Germany," cut off gas supplies to Bulgaria as part of a chicken shit imperial dispute with Ukraine.

http://sofiaecho.com/2009/01/06/665843_bulgaria-cut-off-from-russian-natural-gas-supplies-via-ukraine">Bulgaria cut off from Russian natural gas supplies via Ukraine.

Interestingly the new reactors will be of Russian design. That said, fuel for nuclear reactors for periods of years, since the energy/mass density is extraordinarily high, accounting for the excellent environmental profile of nuclear energy.

[phantom power]

1. "night job"

:evilgrin:

[NNadir]

2. I have to admit to a sad chuckle when writing it. I'm one of those people who laughs at his own...

...jokes.

Schroeder was no joke though. His actions against nuclear power will cause tragedy in millions of lives around the world.

There was much suffering in Bulgaria during the gas shutoff which had nothing to do with any Bulgarian policy other than kissing Schroeder/Putin's butt.