Bulgaria begins construction of new nuclear plant
The Belene plant on the Danube River will compensate for the closure of two units at the existing Kozlodui plant. State-owned NEK power utility says Belene's two 1000-megawatt reactors will be operational by 2014.
Russia's Atomstroyexport will be the main contractor, using France's Areva and Germany's Siemens as primary subcontractors.
NEK will retain control of Belene's operations with at least a 51 percent stake, while Bulgaria has already shortlisted Germany's RWE Power and Electrabel SA of Belgium as strategic investors.
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Global oil demand to decline in 2020 as Coronavirus weighs heavily on markets
LONDON - Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s latest oil market forecast.
The situation remains fluid, creating an extraordinary degree of uncertainty over what the full global impact of the virus will be. In the IEA’s central base case, demand this year drops for the first time since 2009 because of the deep contraction in oil consumption in China, and major disruptions to global travel and trade.
“The coronavirus crisis is affecting a wide range…
