Kozloduy closure threatens power prices

19 October 2005

The closure of units 3 and 4 at Bulgaria’s Kozloduy nuclear plant threatens to push power prices up by more than 50%, local media reports.

Kozloduy executive director Ivan Ivanov is quoted by Bulgarian News Agency BTA as saying that the price of power from the plant will increase by 56% partly as a result of loan repayments for the upgrade of units 5 and 6, which will remain as the only operational reactors at the site.

Units 1 and 2 were shut down at the end of 2002, and units 3 and 4 are due to be closed by 2006 under an agreement with the European Commission.


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