November 30, 2010 / 6:20 PM / 8 years ago

Bulgaria, Russia sign MOU for nuclear plant firm

SOFIA, Nov 30 (Reuters) - Bulgarian power utility NEK and Russia’s state nuclear corporation Rosatom signed on Tuesday a memorandum of understanding to set up a project company for the Balkan country’s second nuclear plant in Belene.

Under the agreement NEK and Rosatom will have four months to start the Belene company. In line with initial plans, Bulgaria’s NEK will keep its majority stake of 51 percent in the 2,000 megawatt nuclear plant.

Finland’s top utility Fortum Corporation FUM1V.HE and French technology consultancy Altran (ALTT.PA) are eyeing a one percent stake each and the rest will go to Russia’s Rosatom, Bulgarian Energy Minister Traicho Traikov said.

Reporting by Irina Ivanova; editing by Keiron Henderson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below