7 groups interested in investing in Bulgaria nuclear project

SOFIA, Bulgaria (AP) — Bulgaria’s energy minister says seven international groups have expressed interest in becoming strategic investors in the construction of the Balkan country’s second nuclear power plant.

Temenuzhka Petkova said on Tuesday that applications for investing in the euro 10 billion ($11 billion) project have been filed by Russia’s Rosatom, China’s CNNC, Korea Hydro & Nuclear Power Co and Czech Vitkovice Heavy Machinery, along with two Bulgarian bidders and a German-registered company.

General Electric and France’s Framatome have also declared interest in financing and supplying equipment for the 2,000-megawatt plant near Belene on the Danube River.

Bulgaria had abandoned the project in 2012 after failing to find investors and bowing to Western pressure to lessen its almost total energy dependence on Russia.

Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related Categories:

Business & Finance | Consumer News

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up