Bulgaria Cannot Uphold Agreement on Kozloduy NPP Unit 7 with US Westinghouse - PM
Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.
Borisov made clear Wednesday in Parliament that Bulgaria could not afford to implement the project unless US Westinghouse Electric joined the scheme as an investor.
The US company was to state by March 31 whether it accepted the proposal to become a shareholder in unit 7 of the Kozloduy nuclear power plant with a stake of 49% and to provide the funding necessary to build the N-plant unit.
The shareholder agreement between the Bulgarian government and Westinghouse Electric on the construction of a new AP1000 reactor at the Kozloduy NPP was signed on August 1, 2014 during the term in office of the socialist-led government of Plamen Oresharski.
The agreement between Bulgaria and Westinghouse Electric expired on March 31.
The agreement was finalized without holding a procedure to select a contractor for the N-plant unit, as required by Bulgarian law, according to reports of mediapool.bg.
On Wednesday Borisov confirmed indirectly the allegations that Westinghouse had not agreed to become an investor in the project.
Borisov accused the socialist-led government of creating a great deal of trouble with the agreement, stressing that they had been aware that Bulgaria would not be able to take out a huge loan or take new debt for the project.
He emphasized that Bulgaria could not undertake the commitment outlined in the agreement.
- » Public Discussions on Gas Extraction in the Dobrudzha Region
- » Random Inspections Indicate Good Preparation of Network Electric Operators for the Winter
- » Just One Marine Wind Turbine Farm can Power the Whole World
- » Large Scale Power Outages in Sofia from Today
- » Europe will Receive Azerbaijani Gas in 2020
- » Gazprom does not Exclude the Possibility of Building New Gas Pipelines for Europe