Bulgarian government approved the resumption of construction of an abandoned nuclear power plant project Belene, which could now become one of the largest energy projects in South East Europe in the last few decades. The six year long ban on the development of the 2000 MW Belene NPP has been abolished and the Government made it possible to issue a tender for the selection of a strategic partner for the project. Despite the announcement that no guarantees or preferential price

Romanian based Nuclearelectrica is in intense discussions with China Nuclear Power Corporation in the hope to complete negotiations by the end of 2018 and set up a joint venture for the construction of two nuclear reactors in Cernavodă. The project is estimated to cost €6.5 million. Nuclearelectrica currently operates a nuclear power plant on the Cernavodă location with two reactors of 700 MW each.. Source: Ziarul Financiar #Romania #Nuclearelectrica #nuclear #ChinaNuclearPow

Akkuyu nuclear power plant, a project estimated to cost €17 billion, marked the start of construction after a three year permitting period. The future power plant will consist of four units of 1200 MW each and is part of Erdogan's '2023 Vision' marking 100 years since the foundation of modern Turkey. Russian Rosatom is the strategic investor of the project aimed to make Turkey more energy independent.. Source: World Nuclear News #nuclear #Turkey #Akkuyu #Rosatom

General Electric is to supply turbines for two new reactors in the Hungarian nuclear power plant Paks having beaten Russian based Silovye Mashiny on an international tender called by Rosatom. The contract is worth €793 million. GE already won turbine tenders for Finlandʼs Hanhikivi and Turkey's Akkuyu nuclear power plant projects.. Source: Budapest Business Journal #GE #Hungary #Paks #nuclear #Rosatom

Rosatom initiated construction works on the Turkish nuclear power plant project Akkuyu following an intergovernmental agreement signed in 2010. Full building permit is expected by the end of the year and commercial operation date (COD) in 2023. The project is estimated at €20 million. Source: TASS #nuclear #Rosatom

Construction of the Paks II nuclear power plant is poised to commence at the beginning of 2018. Russian based Rosatom will be the EPC contractor in a project estimated at over €10 billion. Hungarian government confirmed that national companies will receive around €5 billion worth of business. State of Russia will provide a large share of financing in a project aimed to be completed within a six year time frame. Source: Budapest Business Journal #Hungary #nuclear #Rosatom