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Japanese Firm Interested in Investing in Bulgaria's Nuclear Plant Kozloduy

Friday, Oct 17, 2008

The Japanese company Tokyo Electric Power is interested in investing in Bulgaria's nuclear power plant in the Danube town of Kozloduy, the Pari Daily reported.

This became clear on Thursday as Bulgaria's Minister of Energy and Economy Petar Dimitrov met with a Japanese business delegation.

The company is interested into the possibilities to reopen Reactors 3 and 4 of the plant, which were closed down on January 1, 2006, as part of Bulgaria's EU accession negotiations.

Alternatively, it might also be interested into the building of new nuclear reactors in Kozloduy.

The Japanese delegation included representatives of companies from the chemical industry, agriculture, biotechnologies, high-tech, banking and finance sectors.

Bulgaria's Economy Minister Petar Dimitrov presented the country's advantages as an investment destination stressing the cheap electricity and natural gas.

Dimitrov pointed out that the bilateral trade between Bulgaria and Japan was rather unsatisfactory as it amounted to only USD 130-150 M per year.

The organizing of the Bulgarian Days in Japan in 2009, which will also be attended by Bulgaria's President Georgi Parvanov, was discussed during the meeting. The Bulgarian Ministry of the Economy is also considering holding an investment forum in Japan in an effort to attract more Japanese firms.

Source: Sofia News Agency