Westinghouse: Kozloduy Unit 7 Price Is Below 10% Of Bulgaria's GDP
The estimated price of Unit 7 of Bulgaria's Kozloduy NPP would be below 10% of the country's GDP, said Westinghouse Electric in a statement.
According to Michael Kirst, Westinghouse Electric VP for strategic development and foreign markets for Europe, Middle East and Africa, the price of electricity, generated by the Westinghouse AP-1000 unit will be the lowest of all currently existing alternatives for electricity production.
Kirst's comment came in response to the Friday statment of Vasil Shtonov, Bulgaria's caretaker energy minister, that the total cost of building Unit 7 of Kozloduy's NPP would amount to over 15% of Bulgaria's GDP and the country would also have to shoulder the entire risk and the burden of financing it.
- » Energy Watchdog Approves Electricity Price Hike
- » Energy Watchdog Postpones Decision On Price Hike For Wednesday
- » Aurubis to Invest EUR 75 M in Its Copper Plant in Bulgaria's Pirdop
- » Bulgarian Energy Watchdog to Decide on Electricity Bills
- » Bulgaria's Photovoltaics Demand EU Recommendations in Energy Sector
- » Energy Watchdog Chair: Power Price Hike by over 10% Is Socially Unacceptable