Subscribe free to our newsletters via your
. Nuclear Energy News .

Bulgaria seeks information on US nuclear plant investor
by Staff Writers
Sofia (AFP) Sept 28, 2012

Bulgaria said Friday it was seeking information from the United States Department of Energy on a US-based consortium, which said this week it wished to take over a shelved nuclear plant project.

The Bulgarian energy and economy ministry said in a statement that it had requested "more information on the US consortium, which has declared interest in the Belene project, and on its representatives."

A New York-registered group -- Global Power Consortium -- said Wednesday it was ready to build the 2,000-megawatt plant at Belene, after Bulgaria abandoned a deal in March with Russian state firm Atomstroyexport to construct the plant.

The project's cancellation had prompted Atomstroyexport to file for one-billion-euro ($1.3-billion) in compensation.

Global Power's reluctance to release any information on its capital and major shareholder -- only named as Quantum Group -- has however sparked an outcry in the Bulgarian media, which has qualified the firm as "shady" and "unreliable."

The US embassy in Sofia also distanced itself from the consortium Friday, saying in a statement that it "trusts that the Bulgarian government will perform due diligence on any potential investors... as part of its evaluation of whether to pursue any future energy projects at Belene."

Bulgaria agreed to partially shut its single nuclear plant at Kozloduy when it joined the European Union in 2007 and relied on Belene to compensate for lost capacity and recover its position as a top electricity exporter on the Balkans.

Parliament is meanwhile to decide in the coming months whether to approve a national referendum on Belene, after the left-wing opposition collected over 500,000 signatures in favour of the poll.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Bulgaria may be open to private nuclear plant project: PM
Sofia (AFP) Sept 27, 2012
Prime Minister Boyko Borisov said Thursday that Bulgaria could support a private proposal to revive dropped national plans for a new nuclear plant on the Danube. Speaking a day after the US-led group Global Power Consortium said it was interested in reviving the 2,000-megawatt Belene plant, Borisov said he was potentially open to such proposals. "Why reject them if they are serious?" Bor ... read more

Most biofuels are not green

New Uses for Old Tools Could Boost Biodiesel Output

World's first biofuel jet flight to take off in Canada

Sorghum Eyed as a Southern Bioenergy Crop

Trina Solar Roadshow puts Installers on Fast Track

SolarAid and SunFunder Launch New Crowdfunding Project to Finance Solar Lighting in Zambia

KYOCERA Solar Modules Tested to Show Only Minimal Power Output Degradation After 20 Years in the Field

4JET Introduces New Laser Solution for Processing Flexible Solar Cells

US bars China wind farm deal on security grounds

Wind power faces tax credit uncertainty

Sufficient wind energy available to meet global demands without damaging climate

Report backs greater role for wind energy

Lightning sparks mass power cut in Azerbaijan: official

LADWP Approves Environmental Study of New Transmission Project to Access Renewable Energy

US Electricity Generation Wastes Huge Amounts Of Water

Prominent Nevada Policymakers Show Support for Geothermal

Less chemicals found in Wyo. fracking zone

India pursuing Canadian oil sands

KYOCERA Implements Renewable Energy Technology in Launch of US-Japan Smart-Grid

Ship's captain apologises for New Zealand disaster

Stagnant Interiors Suppress Chances of Life on Super-Earths

Meteors Might Add Methane to Exoplanet Atmospheres

Two 'hot Jupiters' found in star cluster: NASA

Planets Can Form in the Galactic Center

Brazil's sub project boosts local industry

China's Liaoning carrier enters service

Fueling the Fleet, Navy Looks to the Seas

China carrier 'more stepping-stone' than milestone

Mars-like Places on Earth Give Insights into Rover Data

A windshield wiper for Mars dust

Curiosity Finishes Close Inspection of Rock Target

Where is Deimos?

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement