Support The Moscow Times!

Belene Contract Redrafted

Bulgaria will probably offer Rosatom to redraft a nuclear power plant construction contract to reflect new financing needs, Bulgarian Energy and Economy Minister Traicho Traikov said Saturday in Sofia.

The project to build the 2,000-megawatt plant at Belene has been stalled since a 2005 contract because of a lack of funding and demands by Rosatom for higher construction costs.

The current contract is an agreement between two states to build and operate an atomic power plant without reference to funding sources and the future plant's viability, Traikov said.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.