Russia Ready to Return to Belene NPP Project in Bulgaria - Putin

Russia Ready to Return to Belene NPP Project in Bulgaria - Putin

Russia is ready to return to the project for construction of the Belene nuclear power plant (NPP) in Bulgaria, Russian president Vladimir Putin has said."Russia is ready to return to the idea of carrying out the project to build Belene NPP – if, of course, the Bulgarian leadership decides to. On a market basis, of course," Putin said in a statement after a meeting with Bulgarian prime minister Boyko Borissov in Moscow on Wednesday."After 10-15 years, we will need baseload power. All [interested parties] are welcome, on a market principle," Borissov said in a separate statement issued by the Bulgarian government press office. In 2008 the then Socialist-led government broke ground for the plant in Belene, on the Danube river, after a long pause and hired Russia's Atomstroyexport to build two reactors for the plant. After the project made scant headway, Bulgaria finally abandoned it with a parliament decision in February 2013, citing huge consruction costs and unclear prospects for the sale of the electricity that will be produced by the plant.

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