Nuclear power in Europe

One day after German utility RWE said that it was pulling out of the proposed Bulgarian nuclear power plant at Belene, Russia’s state-owned nuclear corporation Rosatom said that it was still interested in taking a stake in the project, Russian business daily Vedomosti said on October 29.

Rosatom’s interest in the plant, announced earlier by chief executive Sergey Kirienko, remained unchanged by RWE’s announcement, Vedomosti quoted a company spokesperson as saying. The spokesperson did not provide further details, the newspaper said. (more…)

FRANKFURT (Dow Jones) – German utility RWE AG Wednesday said it has terminated a joint venture agreement with Bulgaria’s state-owned National Electricity Co., or NEK, due to problems with the financing of a nuclear power plant that was planned to be built near the town of Belene.

“We have terminated the joint venture agreement with NEK today because of problems financing the project,” said Stephanie Schunck, spokeswoman for RWE’s power generation unit RWE Power. (more…)

PARIS, Feb 18 (Reuters) – French utility GDF Suez has decided to pull out of Bulgaria’s planned atomic power plant of Belene to focus on its other nuclear projects, a company spokesman said on Wednesday. GDF Suez’s Belgian subsidiary Electrabel had been in talks to take part in German utility RWE’s 49-percent stake in Bulgaria’s 4 billion euro plant.

The Balkan country is building the 2,000 megawatt plant to help it regain its position as a major exporter in Southeast Europe and to reduce greenhouse gas emissions. (more…)

NPP Belene meets the highest requirements for third generation NPPs, Harmut Pam, vice president of ‘Nuclear Power Plants’ department at RWE Power, said. The Bulgarian government has chosen RWE Power as the main investor in the construction of the second NPP in Bulgaria. Harmut Pam gave a lecture before the 3rd Annual European Conference on ‘Next NPPs generation’ currently taking place in Sofia. According to RWE Power’s strategy, NPP Belene will meet all safety and long-term exploitation requirements, Harmut Pam said. He also pointed out that the development of EU energy production needed secure supply, stable prices of raw materials and climate protection.

SOFIA, Nov 18 (Reuters) – French power giant GDF Suez said on Tuesday it would decide whether to share a stake in a Bulgarian nuclear project with RWE after examining a deal agreed between the German utility and Sofia.

The Bulgarian government last month chose RWE to become a strategic partner for a 49 percent stake in the planned Belene plant and gave the option to split the stake with the second-listed bidder, Belgian Electrabel, owned by GDF Suez. (more…)

Bulgaria’s sole nuclear power plant at Kozloduy on the Danube River said on November 14 that it paid back early a $52.5 million loan to Russia’s state-owned Roseximbank, which it took to upgrade its two working 1000MW reactors.

The reason for the early repayment of the loan, due in 2021, was avoiding currency risks, the plant said, as quoted by website mediapool.bg. The loan was denominated in US dollars, while its revenue was in leva and euro, the plant operator said. (more…)

Sofia. Russian company Atomstroyexport, which was picked to build Bulgaria’s nuclear power plant in the Danube town of Belene, said it has signed an annex with national power utility NEK to supply the corpus, steam generator and the turbine for the plant’s first block, as the online English edition of Dnenvik Daily reported.

The Bulgarian party was tight-lipped on the matter. (more…)

Sofia. German company RWE will from now on decide whether to grant the investment promised.
The signing of the shareholding contract for Belene nuclear power plant through which German company RWE will gain 49% of the future plant’s stakes, was postponed. Instead of end-October 2008 when the last deadline expired, the paper will most likely be endorsed in December 2008, the project’s main investor National Electricity Company (NEC) said, The Banker Weekly reported. (more…)

SOFIA, Nov 6 (Reuters) – Bulgaria urged German power utility RWE on Thursday to reject pressure from green activists and approve a deal to become a strategic investor in a planned 4.0 billion euro ($5.16 billion) nuclear power plant.

Deputy Energy Minister Yavor Kuyumdzhiev said Bulgaria will wait for RWE’s supervisory board approval of the deal until the spring of 2009, when construction of the 2,000 megawatt Belene plant should start. (more…)

Sofia. ‘This is not a rare case, we have such cases once every month’, the Chairman of the Nuclear Regulatory Agency Sergey Tsochev said in an interview for FOCUS News Agency.

There are such problems around the world and they are caused by having a radiation source inside metal scrap. (more…)