Atomstroyexport Eyes 1.17 Bln Euro Claim Over Failed Nuclear Project in Bulgaria - Source

Atomstroyexport Eyes 1.17 Bln Euro Claim Over Failed Nuclear Project in Bulgaria - Source

Russia's Atomstroyexport will seek 1.165 billion euro ($1.45 billion) as a compensation for Bulgaria's decision to abandon a project for the construction at Belene of a second nuclear power plant in the Balkan country, local news agency SeeNews reported on Thursday quoting a source close to the matter, who asked not to be named.

The Belene nuclear power station project had been mothballed for nearly two decades before Bulgaria decided to resurrect it and hired Atomstroyexport in 2008 to build the 2,000 megawatt (MW) facility.

After the project made scant headway, the government in Sofia decided in March to abandon it altogether, choosing instead to add a new 1,000 MW reactor to its existing nuclear power station in Kozloduy.

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