Bulgaria’s Ministry of Economy and Energy specified that US company Westinghouse Energy Systems had been transferred over BGN 7 M under a program for the upgrade of units 5 and 6 of the Kozloduy nuclear power plant. The media statement was published to dispel allegations that the money had been transferred under the project for a seventh unit at the Kozloduy-based N-plant. Ivan Genov, former CEO of the Kozloduy NPP, told the Bulgarian National Radio Saturday that the payment had been transferred under a contract for the replacement of the command systems of the special corpus servicing units 5 and 6 as part of the program for the extension of their lifespan, stressing that it had nothing to do with the project for Kozloduy NPP unit 7. Genov underscored that the contract had been signed in 2013 and was being implemented. He made clear that the command system of the special corpus had to be replaced with equipment produced by Westinghouse. Bulgaria’s Ministry of Economy and Energy also confirmed that the payment had been transferred to Westinghouse under a contract signed in 2013 for the upgrade of management and control systems of the special corpus servicing units 5 and 6 of the Kozloduy NPP. According to the press office of the Ministry, the total value of the contract signed in 2013 with US company Westinghouse is USD 15 995 000 and it is to be implemented in the period 2013-2016. The shareholder agreement for unit 7 of the Kozloduy NPP was signed with Westinghouse Electric at the end of the term in office of the socialist-led government of Prime Minister Plamen Oresharski. The agreement was signed under the condition that it would only take effect after the approval of the new government. The agreement envisages 30% participation of Westinghouse in the project company for unit 7 of the Kozloduy NPP, with the remaining 70% owned by the Kozloduy NPP.
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Amidst concerns surrounding energy security and the transition away from Russian nuclear fuel, the executive director of Bulgaria's Kozloduy Nuclear Power Plant (NPP), Valentin Nikolov, has reassured the public that there is no risk of operational disrupt
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant
Energy expert Ivan Hinovski has issued a stark warning about Bulgaria's future energy prospects, highlighting the imminent threat of losing all base capacities by 2038
In a rapid ten-minute session, lawmakers backing Prime Minister Nikolai Denkov swiftly endorsed a proposal outlining the schedule for constructing units 7 and 8 at the Kozloduy Nuclear Power Plant (NPP) using American technology.
The signing of the contract with "Westinghouse Electric Sweden" today is another step Bulgaria takes for diversification, noted Prime Minister Boyko Borissov.
The Bulgarian Electricity System Operator (ESO) has activated the replacement capacities of all thermal and hydro power plants in the country to compensate for the generation following the automatic shutdown of Unit 5 of the Kozloduy NPP at 1:16 am on 22
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
During a forum in Alexandroupolis, US Assistant Secretary of State for Energy, Jeffrey Payatt, highlighted the significance of a gas pipeline project through Bulgaria as the next pivotal step for energy development in the region
Effective March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation
In a recent report released by the Institute for Energy Economics and Financial Analysis (IEEFA) on Wednesday, it was revealed that demand for natural gas in Europe experienced a significant decline last year, dropping to its lowest level in a decade
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