The NPP Belene project becomes unstable

Friday, December 12, 2008

Essen/ Sofia. The German newspaper Der Tagesspiegel turns its attention to the scandal in Germany surrounding the participation of RWE in the construction of NPP Belene.

Jurgen Grosmann, the President and CEO of RWE, has received an unusual letter of protest from Bulgarian MPs, which showed the negative effect from the construction of the nuclear power plant on the tourism and agriculture in the region.

The reason behind this letter was an answer to the plans of Grosmann to invest EUR 1.5 billion in the construction of NPP Belene.

Der Tagesspiegel explains that some of the members of the supervisory board of the German company have started to have doubts about the investment following a protest action of an environmental organization. Grosmann said that the project could not be renegotiated, which made the Chairman of the Supervisory Board of RWE - Thomas Fischer, try to change the interior regulations of the company.

The planned changes would allow the supervisory board to take part in the approval of new investment projects. If such changes are made, there would be a majority, which would vote against the participation of RWE in the NPP Belene project.

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