• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 2 hours Socialists want to exorcise the O&G demon by 2030
  • 7 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 6 hours Oceans "Under Fire" Of Plastic Trash
  • 1 day Is Natural Gas Renewable? I say yes it is.
  • 1 day Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 1 hour Cheermongering about O&G in 2019
  • 2 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 1 day Making Fun of EV Owners: ICE-ing Trend?
  • 8 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 1 day Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 16 hours North Sea Rocks Could Store Months Of Renewable Energy
  • 9 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day Orphan Wells
What’s Holding Back The Global Energy Transition

What’s Holding Back The Global Energy Transition

The relative quick adaptation of…

Russian Expert Criticizes Bulgaria's Proposed Belene Nuclear Plant's Cost

One of the most contentious issues since the 1991 implosion of the USSR and the end of the Kremlin’s protectorate over Eastern Europe has been the fate of aging Soviet-era nuclear power plants.

Given that many of the republics and nations were and remain energy poor, the closure of the Soviet-built NPPs has been fraught with consequences.

Kazakhstan's BM-350 135 megawatt reactor was decommissioned in 1999. Lithuania's Ignalina-1 RBMK reactor complex was shut down on 31 December 2004 as a condition of the country joining the European Union and its sister 1,185 megawatt Ignalina-2 RBMK NPP complex was shuttered on 31 December 2009, even though the Ignalina-2 complex provided 72.3 percent of the country's energy needs.

Bulgaria, despite having joined the EU in 2007 and in the wake of the March Fukushima NPP disaster in Japan, is resisting calls to cancel construction of the Belene NPP in Pleven province in the north of the country. Belene is intended to replace four VVER-440 V230 reactors at the Kozloduy NPP that are approaching the end of their service life, Dnevnik newspaper reported.

Last June the Bulgarian government announced that it would freeze indefinitely Belen’s construction due to concerns about investment and construction costs, but in December a non-binding memoranda of understanding was signed between NEK EAD, Rosatom, Altran and Fortum, costing out construction at $8.9 billion.

Now former Russian Federation deputy energy minister Bulat Nigmatulin has spoken about against the project, saying, "The current cost of building new nuclear power plants is devastating," recommending instead developing power plants running on natural gas and water and overhauling existing thermal plants.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News