Russia's ROSATOM State Atomic Energy Corporation and Bulgaria's Natsionalna Elektricheska Kompania (NEK EAD) will develop the Belene nuclear power plant in Bulgaria.
The authorities have signed three memorandums of understanding (MOU) for the project comprising two Russian VVER-type pressurised water reactors with a capacity of 1,050MW each.
ROSATOM and NEK EAD will form a new firm, the Belene Power Company (BPC), for the development of the nuclear plant.
ROSATOM, NEK EAD and Fortum signed another MOU for cooperation on the construction and operation of the plant with Fortum to become the investor of the BPC.
It will also provide competences in nuclear technology and safety for the project, under the terms of the MOU.
In addition, ROSATOM, NEK EAD and Altran Technologies (France) have signed a MOU for the project, under which Altran will also become a stakeholder for the new firm.