China's CNNC Confirms Investment Interest in Bulgarian NPP Project

China's CNNC Confirms Investment Interest in Bulgarian NPP Project

China National Nuclear Corporation (CNNC) has confirmed its interest in investing in the construction of a nuclear power plant (NPP) in Bulgaria, the Southeast European country's energy ministry said on Thursday. Meeting with representatives of the Chinese company, Bulgarian government officials noted that a possible implementation of the Belene NPP project would involve a competition procedure for a strategic investor, the energy ministry said in a statement."The government will provide no guaranties for the project, nor sign long-term power purchase agreements," deputy prime minister Tomislav Donchev was quoted as saying at the meeting. Following a decision of the country's Parliament in March, a working group with the energy ministry is exploring the options for the use of the available equipment for the Belene project. In 2008, Bulgaria hired Atomstroyexport to build a nuclear plant in Belene, reviving a project that had been mothballed for nearly two decades.

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