Former CEO of Kozloduy NPP: Bulgaria Needs Energy Strategy by 2050

Business » ENERGY | September 21, 2014, Sunday // 14:00| Views: | Comments: 0
Bulgaria: Former CEO of Kozloduy NPP: Bulgaria Needs Energy Strategy by 2050 Photo by BGNES

Yordan Yordanov, former CEO of Bulgaria’s Kozloduy Nuclear Power Plant, has underscored the need to adopt a national strategy for the development of the energy sector in the period 2030-2050.

In a Sunday interview for the Bulgarian National Radio, Yordanov stressed that it was not possible to have constant power price hikes against the backdrop of overproduction.

He explained that the Kozloduy NPP had no direct access to the free market, adding that it was selling electricity via intermediaries, including the National Electric Company (NEK) and private companies, which caused prices to increase.

He described the electricity exchange, a platform for power production companies, as an important point in the strategy.

“The market determines electricity prices. The lack of a strategy and an electricity exchange leads to constant unnatural power price spikes by the State Commission for Energy and Water Regulation (DKEVR),” Yordanov stated.

He insisted that it was essential to sign the project for the modernization of units 5 and 6 of the Kozloduy NPP as soon as possible as the construction of replacement capacity, or the planned units 7 and 8 in particular, required a period of 10-15 years.

Meanwhile, the new CEO of the Kozloduy NPP, Dimitar Angelov, announced in an interview earlier the same day that he expected the agreement on the extension of the lives of units 5 and 6 of the N-plant to be signed by the end of the month, adding that the implementation was to be wrapped up by end-2016 in that case.

Angelov said that he found it fitting that US company Westinghouse Electric built unit 7 of the Kozloduy NPP under beneficial terms for Bulgaria.

He told journalists that he could not comment on the reasons behind the removal from office of his predecessor, Ivan Genov, adding that Genov had been expected to remain a member of the Board of Directors of the Kozloduy NPP in order to ensure continuity, but he had rejected the proposal.

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Tags: Kozloduy NPP, Nuclear Power Plant, N-Plant, electricity prices, National Electric Company, NEK
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