Bulgaria Partners with American Citibank to Finance Kozloduy Nuclear Expansion
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
A short circuit has occurred in a transformer located in the the Bulgarian Kozloduy NPP's so called "Special Corpus 3" – a non-nuclear unit – on Sunday.
The accident has taken place at 17:30 local time on December 12 2010. The staff has reacted immediately and no harm whatsoever has been registered. A special commission has been assigned to investigate the reasons for the technical failure.
The 1000-MW Units 5 and 6 of Bulgaria's nuclear power plant, located near the third Special Corpus, are running in full capacity.
Only Units 5 6 are currently operational at the Kozloduy NPP after Bulgaria shut down the 440-MW reactors 1, 2, 3, and 4 as part of its EU accession negotiations.
Unless it is extended, the life of Units 5 and 6 is to expire in 2017-2020.
Bulgaria has reached a strategic financing agreement with the American Citibank for the construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
Energy Minister Zhecho Stankov has firmly criticized the 2022 agreement between state-owned Bulgargaz and Turkish company Botas, arguing that there was no objective reason to enter into such a deal
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
The European Commission is preparing a new phase of green legislation that could significantly impact fuel prices across the EU
As of July 1, a new pricing period begins for household electricity, heating, and hot water in Bulgaria
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