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Belene Plant Looks Doubtful

SOFIA, Bulgaria — Bulgaria will abandon plans to build a 2,000-megawatt nuclear power plant if it cannot attract sufficient Western funding for the 8 billion euro ($10.5 billion) project, Prime Minister Boiko Borisov said Friday.

Borisov told national television channel BNT that he sent ministers to Moscow last month to tell officials there that Sofia will not build the Belene plant, for which it had contracted Atomstroiexport.

Borisov said the Belene project cannot go ahead if it fails to attract Western investors and has clear economic and financial benefits. Borisov said a final decision on the fate of the controversial Belene project had yet to be made as the Balkan country has already spent 1.4 billion levs ($935 million) on the project.

(Reuters)

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