EU lends Bulgaria money to modernise nuclear plant

["Sandy Perle" <sandyfl@earthlink.net>]

EU lends Bulgaria money to modernise nuclear plant
  
BRUSSELS, April 18 (Reuters) - The European Union said on Tuesday it 
was providing a loan of 212.5 million euros ($201.8 million) to help 
Bulgaria modernise two reactors at the Kozloduy nuclear plant. 

The European Commission said in a statement the money would help 
Bulgaria's National Electricity Company (NEC) modernise the 1,000-
megawatt reactors. 

Bulgaria started talks on EU membership last month. To help secure 
its invitation to the membership talks, it agreed to close the four 
oldest 440-megawatt reactors at Kozloduy earlier than it had wanted. 

The funds announced by the EU will help make two more modern reactors 
at the plant safer. 

``The project aims to modernise and bring up to acceptable safety 
standards at the international level the two nuclear reactors...'' 
the EU executive said in a statement. 

($1-1.053 Euros)

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