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Bulgaria wants doubled compensation for closing nuclear plant units

Bulgaria has started negotiations with the European Commission for increasing the compensations for shutting down units 3 and 4 of Kozloduy nuclear power plant, local press reported Sunday citing Energy Minister Peter Dimitrov.

Dimitrov said that at the opening of a National Info Day of the Intelligent Energy Europe 2008 Program. Dimitrov argued that Bulgaria hopes the sum will be doubled. The two units were definitively shut down in preparation (about $869 million) for early decommissioning on Dec. 31, 2006. The EU is due to pay Sofia €550 million until 2009 to make up for the early closure of the reactors and encourage economy in the use of energy. A total of €350 million has already been absorbed. A year ago former Energy Minister Rumen Ovcharov declared  Bulgaria will follow the example of other member states, and will set the sum at about €1 billion. Experts, however, say the plant has been stripped of production capacity worth €3 billion to €4 billion ($6.3 billion). (