Nuclear

Bulgaria shortlists six companies for 49 per cent stake in second nuclear plant

23 July 2007 – Six companies have been shortlisted in the tender process for a strategic investor in the construction and operation of a second nuclear plant in Bulgaria, the National Electricity Company has announced.

The state-owned electricity company (NEK) is looking for investors to take up to a 49 percent stake in the Belene Power Company, which will be set up to own and operate the nuclear power plant. NEK will hold a stake of at least 51 per cent.

The shortlisted companies are Electricite de France SA, Electrabel SA from Belgium, Enel SpA from Italy, E.ON AG and RWE AG from Germany and CEZ a.s from the Czech Republic. The construction of the Belene plant’s first unit is expected to begin in 2008 and to be completed by January 2014. The second unit is scheduled to become operational a year later.