Westinghouse to Continue Talks with Bulgaria over Kozloduy NPP's Unit 7

Business » ENERGY | April 2, 2015, Thursday // 17:40| Views: | Comments: 3
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Bulgaria: Westinghouse to Continue Talks with Bulgaria over Kozloduy NPP's Unit 7 Photo by BGNES

US-based Westinghouse Electric Company said on Thursday it agreed to discuss a new timetable and structure of the project to build Unit 7 of Bulgaria's Kozloduy nuclear plant.

Westinghouse CEO Danny Roderick said the decision had been taken "jointly by all parties and reflects the present conditions in Bulgaria of support for an infrastructure project of such a scale."

This comes after Bulgaria set new conditions for Westinghouse to build Unit 7, tabling the prerequisite that it should provide substantial financing for the project and have a 49-percent stake in the project company.

The company was to accept or decline the new demands by March 31, when a shareholders agreement, signed with the previous elected government, expired.

Plamen Oresharski's cabinet signed the document in August of 2014, days before leaving office, passing a final decision on the project on to the next administration.

In a statement sent out to media outlets, Roderick said that "even though there is unanimity that this project is attractive in the long-term, [both] parties are of the opinion that different models of the incorporation of the AP1000 nuclear technology have to be considered."

He added that his company is satisfied with the cooperation it developed with the Kozloduy NPP, and will focus on the improvement of the country's nuclear capacities in the near future.

On Wednesday, Bulgarian PM Boyko Borisov reiterated the government's new demands, stating Bulgaria would be unable to carry out the project and will find it difficult to provide funding under the present conditions.

This was followed by a meeting of a presumed US delegation at Bulgaria's Energy Ministry that began on Thursday morning, with government officials quoted by Sega daily as saying there will be no press conference following the talks.

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Tags: Westinghouse, Danny Roderick, Bulgaria, Boyko Borisov
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» To the forumComments (3)
opa2oma - 3 Apr 2015 // 13:29:54

As my grandpa would say... a snake oil salesman.

GrueFski - 3 Apr 2015 // 05:47:50

"[...] be pragmatic and loyal to your roots and please stop the mania of the American wannabe!"

and why should that be? Serbia is loyal to its Russian roots, was in the past too. Russia will always choose it over Bulgaria.
Siding with Americans now, when Serbia is again a Russian Trojan horse into the Balkans, could result in Bulgaria receiving 2/3 of FYROM (1/3 to Albania) and maybe even some parts of Eastern Serbia which is actually stolen Bulgarian land.

George Zheliazkov - 3 Apr 2015 // 04:22:07

Boyko, it's an embarrassment Boyko!
You should've built that NPP in the old days with the Russians. It would've cost you half the price and the Russians were borrowing you the 4 billion.
Now it would cost you double and it looks imposible because nobody will lend you the money.
Business is business Boyko, It's about time the BG politicians stop blocking the prosperity of the country, be pragmatic and loyal to your roots and please stop the mania of the American wannabe!

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