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Commenting article: Westinghouse Should Return to Bulgaria, but 'Under New Conditions' - PM

Bulgaria's Prime Minister Boyko Borisov has voiced his hope that US-based Westinghouse will return to Bulgaria and build Unit 7 of the Kozloduy nuclear power plant, but under new conditions.

Westinghouse Electric Company was to build Unit 7 under an agreement with the previous elected government.

However, Borisov's cabinet said the document could not be put in practice unless Westinghouse took part in the project as an investor. Apart from a stake of 49%, the company was to commit to providing the necessary funding, the PM stated.

Westinghouse thus did not sign a shareholders' agreement, letting it expire on March 31, and the project was virtually brought to a halt.

On Monday, speaking at an AmCham conference, Borisov urged the company to return and build under "European" conditions - with a clear financial plan for costs related to construction, purchase of the nuclear fuel itself, and project funding.

He accused Westinghouse of failing to provide a mid- and long-term vision about the project.

Borisov blamed AmCham Bulgaria for failing to publicly side with either Westinghouse or the government when the dispute began in the spring.

The Bulgarian News Agency quotes him as saying: "I am talking to you like this because we are partners and friends, not just when we have lunch, but also when there is a problem. If you know something, help me. We are one. We are friends... We stop Russian planes, we also stop three Russian projects, and if [we aren't] your partners, who is?"

Borisov warned Sofia was tolerant to US businesses operating in the country "even when they aren't quite tolerable."

oiiouyyuopfugikyo - 15 Oct 2015 // 10:48:49

Boyko Borisov I mean.

uyurtuitriugyiitiotyioty - 15 Oct 2015 // 10:48:09

Yeah, well, he does have a point

Micky - 15 Oct 2015 // 10:38:25

"We stop Russian planes, we also stop three Russian projects, and if [we aren't] your partners, who is?"

What a shame. Are there any sort of elections in this country? Any politician in the Western Europe would lose any chance to get any public position after statement like that.

Hristovo - 14 Oct 2015 // 12:21:00

This displays that nuclear isn't that cheap and electricity overall no linger can be long term subsidised unless it brings a global benefit to society.

Eurasian - 14 Oct 2015 // 05:48:29

The blunt truth and reality also Boykin is that if you were more progressive and practical leader and let the Russians some years ago finance and build that NP now Bulgaria would've been a better place and we wouldn't discuss anymore nonsense with the Americans....

Eurasian - 13 Oct 2015 // 22:57:47

Well the only good part in all of this is that finally Boyko is developing some sort of "balls" and guts towards the American "friends" being somewhat able to say it the way it is.
Other than this the Americans will continue to bullshit you till the cows come home.....

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria