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Bulgaria seeks investors to build $11.24 billion Belene nuclear plant

Staff Writer |
Bulgaria is seeking a strategic investor for its revived Belene nuclear power project on the Danube, which is estimated will cost at least 10 billion euros ($11.24 billion).

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The Bulgarian energy ministry said in a statement on Monday that it hopes to select an investor in the next year and has asked potential bidders to file letters of interest in the project to build two 1,000 megawatt nuclear reactors.

Russia's state-owned nuclear company Rosatom, China's state-owned CNNC, France's Framatome, a unit of EDF and state-run Korea Hydro and Nuclear Power Co (KHNP) have expressed initial interest in the project.

Bidders are also asked to say if they will be looking for a minority stake and whether they will be interested in buying electricity from the plant once it is built.

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