Bulgaria: EU funds won’t compensate for nuke’s closure

Bulgaria: EU funds won’t compensate for nuke’s closure

Kafin explained that while the EC believes that 500 million euros will cover the losses of the forced shutdown, experts estimate the real sum at over one billion euros. The money from the Union is hardly enough, the Minister pointed out.

Bulgaria has the political and economical ground to want the continuation of the financial aid program until after 2009, Kalfin said.

Bulgaria has already shut down its Kozloduy NPP Units 1&2 and it will have to close Units 3&4 before January 1, 2007, as stated in the country's Accession Treaty.

Despite EP rapporteur Geoffrey van Orden's urge fore a more flexible approach on the issue out of fear of an electricity crisis in the whole region, the Parliament didn't even pay attention to the remark on Thursday.