Bulgaria shortlists GE, others for nuclear plant contract

Business

SOFIA, Bulgaria (AP) — Bulgaria has shortlisted General Electric and four other international companies as candidates for a contract to build a new nuclear power plant in the Balkan country.

Energy minister Temenuzhka Petkova said Thursday that Russia’s Rosatom, China’s CNNC and Korea Hydro & Nuclear Power Co will also be invited to file binding offers to build the 10 billion-euro ($11 billion) project by the end of April.

General Electric is working with France’s Framatome in their application to finance and supply equipment for the 2,000-megawatt plant near Belene on the Danube River.

Confidential agreements with the companies are due to be signed next month, the minister said, adding that Bulgaria wants to keep a blocking stake in the venture but it will not provide state guarantees or offer to buy electricity from the plant.

Bulgaria had abandoned the project in 2012 after failing to find investors and bowing to Western pressure to lessen its almost total energy dependence on Russia.

But Bulgaria had already received two prepaid 1,000 megawatt reactors from Russia’s Atomstroyexport and subsequent attempts to sell off the equipment failed, which led to last year’s vote in parliament to revive the project.

Currently, the Balkan country’s only nuclear plant, at Kozloduy, with two Soviet-built 1,000 megawatt reactors, supplies 35% of the country’s electricity.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CBS47 On Your Side

Do you have a problem that you need help solving? Contact CBS47 and let us be On Your Side.

Phone: 559-761-0383
Email: OnYourSide@cbsfresno.com

Don’t Miss

Best of the Valley
Sunday Morning Matters
MedWatch Today
Hispanic Heritage
Bulldog Insider: The Podcast
The Valley's Armenia
Pros Who Know

Images from Armenia

Small patients in Armenia
Yerevan by night.
Dr. Jeff Thomas delivers.
Dr. Jeff Thomas delivers in Gyumri.
Doctors unpack medical supplies from The Central Valley.
Fresno Medical Mission at work.
Medical Supplies being unloaded.
Fresno Medical Mission at the ready.
KSEE24 crew witnesses the miracle of life in Gyumri, Armenia.
Life saving work of Central Valley surgeons in Armenia.
Ribbon cutting on new surgical center in Ashtarak Armenia. Fresno donors made this dream come true.
KSEE24 on assignment with the Fresno Medical Mission
Honorary Consulate to Armenia Berj Apkarian explains the crisis facing one hospital.
KSEE24's Stefani Booroojian and Kevin Mahan at the meeting with President Bako Sahakyan.
Medical Meeting in Artsakh.
The President of Artsakh meets with the Fresno Medical Mission.
Learning modern medicine techniques with the Fresno Medical Mission in surgery.
Leaning in for a look. Dr. Brien Tonkinson holds class and helps a patient in Armenia.
Fresno Medical Mission cares on one of the smallest patients in the region. Six-year old Yanna receives life-changing better breathing surgery.