|
. | . |
|
by Staff Writers Sofia (AFP) July 31, 2014 Bulgaria's outgoing government greenlighted on Thursday a last-minute deal with Toshiba's US nuclear engineering unit Westinghouse to build a new reactor at the country's Kozloduy nuclear power plant. Energy is an extremely sensitive issue in the European Union's poorest country, which is seeking to wean itself away from almost total dependence on Russia for its gas and nuclear fuel imports amid flaring tensions over Ukraine. The Socialists-backed government, which resigned last Wednesday, has come under strong media pressure not to sign any last-minute agreements. "The government adopted a decision approving the report of the minister of economy and energy on signing a shareholder agreement between (the state-owned) Kozloduy NPP and Westinghouse Electric," it said in a statement. But the deal will also need approval by any new government voted in by snap elections on October 5 before it enters into force, the statement added. Westinghouse chief executive Danny Roderick paid a one-day visit to Sofia on Tuesday, when he pressed for a shareholder agreement on building the 1,100-megawatt AP-1000 reactor to be signed "as soon as possible." This would allow the 5.0-billion-dollar (3.7-billion-euro) project to get going despite lingering political uncertainty, Roderick told the Trud daily newspaper in an interview. Westinghouse planned to take a 30-percent stake in the project, and the US Import-Export Bank was also ready to offer a package for funding it, he added. Bulgaria hopes that the new unit at its Soviet-built power plant on the Danube will help it diversify its energy sources at a time when the West is ratcheting up sanctions against Moscow over the crisis in Ukraine. Safety concerns had forced the closure of four of Kozloduy's total of six units on the eve of Bulgaria's European Union accession in 2007, leaving just two 1,000-megawatt reactors in operation at the plant.
Related Links Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |