• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 22 mins Sources confirm Trump to sign two new Executive orders.
  • 9 hours CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 3 hours In a Nutshell...
  • 22 hours Why Wind is pitiful for most regions on earth
  • 12 mins No More Love: Kanye West Breaks With Trump, Claims 2020 Run Is Not A Stunt
  • 9 hours A Real Reality Check on "Green Hydrogen"
  • 1 day Why Oil could hit $100
  • 9 hours Better Days Are (Not) Coming: Fed Officials Suggest U.S. Recovery May Be Stalling
  • 1 day During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 9 hours Putin Paid Militants to Kill US Troops
  • 3 days Coronavirus hype biggest political hoax in history
How To Take Advantage Of The Energy Stock Selloff

How To Take Advantage Of The Energy Stock Selloff

Anything related to oil and…

Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Top Energy Analyst Sees Oil Prices Soaring To $66 In 2021

Energy Aspects’ Amrita Sen sees…

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