18 October 2007, Thursday
PM Stanishev (left) and Finance Minister Oresharski (right) have both backed the project to the hilt so far, and Bulgaria's low foreign debt allows the cabinet to underwrite the loans.
Bulgaria's cabinet decided on Monday to double the amount of debt it is willing to guarantee for the construction of the country's second nuclear power plant at Belene.
ST. PETERSBURG - According to the Elfii consortium of large Finnish electricity users, a construction delay in an experimental new reactor design at Olkiluoto NPP will cost Nordic electricity users EUR 3 billion, the Finnish business daily Kauppalehti reported. Birthe Weijola, 12/09-2007 Elfi director Antti Koskelainen is quoted saying that the cost of the delay is comparable to the investment cost for the whole reactor.
By Alan Katz, Bloomberg News, September 6, 2007
Martin Landtman hunched forward in his shirtsleeves as a June storm on Finland's Baltic coast drenched the construction site of the world's most powerful nuclear reactor. As project manager for TVO, the joint venture buying the plant, Landtman has weathered far worse annoyances than rain.
Flawed welds for the reactor's steel liner, unusable coolant pipes and suspect concrete in the foundation already have pushed back the delivery date of the Olkiluoto-3 unit by at least two years.
By Philip Bethge (Der Spiegel)
Is nuclear power on the verge of a renaissance? Its supporters argue that atomic energy is the only way to satisfy humanity’s hunger for more energy without aggravating the effects of global warming. Critics, however, regard the nuclear hype as over-simplistic optimism fueled by an industry in distress.
The Bulgarian government has agreed to close four of the six nuclear reactors at its Kozloduy plant by 2006 at the latest, the European Commission said today. The accord means all eight reactors classed as dangerous and "unupgradeable" that are located in countries due to join the EU will be decommissioned within a decade.
The EU has repeatedly stressed that the closure of the four Kozloduy reactors by 2002 would be a condition of Bulgaria's eventual entry into the bloc. But the Bulgarian government recently passed a law which would have seen the last reactor decommissioned only in 2010.
