New Unit at Bulgaria's Kozloduy Nuclear Plant "Viable"

Business » ENERGY | February 12, 2010, Friday // 18:32| Views: | Comments: 0
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Bulgaria: New Unit at Bulgaria's Kozloduy Nuclear Plant "Viable" Bulgaria's only nuclear plant Kozloduy has two 1,000 MW operating units left. Photo by BGNES

Experts from Bulgaria's Kozloduy nuclear power plant and Spanish company Iberdrola have completed the technical due diligence for the building of a seventh unit.

“The due diligence has shown that this is an economically viable project,” Dimitar Anguelov, executive director of the plant told journalists on Friday.

He added that a final decision is yet to be taken at a political level.

Bulgaria's new center-right government of GERB party announced at the end of November last year that it is considering the construction of a new 1 000 MW nuclear unit at Kozloduy Nuclear Power Plant, the closure of which was one of the conditions for the country's EU accession.

Japan's Toshiba Corp. has reportedly voiced its interest in Bulgaria's Kozloduy nuclear power plant. Toshiba holds a 67% stake in the American Westinghouse Electric Company, which builds nuclear power generator units.

During their visit to Bulgaria the company representatives are expected to propose the building of Westinghouse Electric Company's AP1000, a Generation III+ reactor, on the site of the nuclear power plant.

Earlier in December Russia officially voiced its interest in the building of a seventh unit at Bulgaria's Kozloduy nuclear power plant after Special Envoy of the United States Secretary of State for Eurasian Energy, Richard Morningstar, made it clear that American companies are likely bidders in nuclear energy projects here.

Experts have commented that the participation of American companies will ease Russia's grip on Bulgaria's energy sector.

Bulgaria's only nuclear plant Kozloduy has two 1,000 MW operating units left since the closure of Soviet-designed reactors 1 to 4 was one of the conditions for its entry in the European bloc.

Hit worst by the current Russia-Ukraine gas dispute at the beginning of the year, Bulgaria was poised to restart one of the nuclear reactors at its Kozloduy nuclear power plant, but abandoned the idea when faced with Brussles' vehement opposition.

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Tags: Toshiba, Kozloduy NPP, European Union, Euopean Parliament, Council of the European Union, decommissioning, aid, compensation, Belene
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