Bulgaria Cancels Deal with WorleyParsons Unit on Defunct Belene NPP Project

Bulgaria Cancels Deal with WorleyParsons Unit on Defunct Belene NPP Project

Bulgarian state-owned power utility Natsionalna Elektricheska Kompania (NEK) said on Monday it terminated its contract with a local unit of Australia's WorleyParsons, the engineer and consultant on its now abandoned Belene nuclear power plant (NPP) project.
NEK cancelled the contract with WorleyParsonsNuclearServices in line with a governmental decision dated March 29, 2012, whereby the Belene project was abandoned, the Bulgarian company said in a press release.
The Belene project, launched in the late 1980s, had been frozen for nearly two decades before Bulgaria hired Russia's Atomstroyexport in 2008 to build the 2,000 megawatt power plant. However, after the venture made little progress due to pricing disagreements between Bulgaria and Russia, the government in Sofia decided to halt the project over concerns about its economic feasibility and instead explore the opportunities to add a new unit at its existing NPP in Kozloduy.
Atomstroyexport has filed a claim against Bulgaria over the suspension of the project.
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