Kozloduy Nuclear Power Plant
Westinghouse, Bulgarian Gov't Paraph Unit 7 Agreement
US-based company Westinghouse and the outgoing Bulgarian cabinet have sealed a shareholders' agreement on the expansion of nuclear capacities at the Kozloduy NPP.
Bulgaria, Westinghouse Sign Shareholders' Agreement on Unit 7
Bulgaria's government announced Thursday a shareholders' agreement was signed with US-based company Westinghouse on the construction of Kozloduy NPP's Unit 7.
The document is due to be approved on by the next elected government after the early general vote on October 5, according to the Council of Ministers' press office, the Bulgarian National Radio reports.
Westinghouse, Gov't to Sign Final Deal on Unit 7 Next Year - CEO
US-based company Westinghouse sees big opportunities in Bulgaria, but the government's resignation will delay ongoing projects, CEO Danny Roderick said.
Roderick also told Bulgarian daily Trud the final deal on Unit 7 would be sealed next year.
Westinghouse CEO Arrives in Bulgaria
Westinghouse President and CEO Danny Roderick is in Bulgaria to meet government officials and energy sector representatives.
Reports by Mediapool and BGNES news websites, however, do not point an aim of his visit.
His visit comes less than a week after the outgoing cabinet failed to sign an agreement with the company on the construction of a new unit at the Kozloduy NPP.
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Bulgaria Has Lowest Energy Security Rate in EU - NGO
Bulgaria is the poorest EU member state and the one plagued by the lowest rate of energy security, according to a report of local NGO Center for the Study of Democracy (CSD).
The CSD used data of the U.S. Chamber of Commerce's Institute for 21st Century Energy for the 75 largest energy-consuming countries.
Government Postpones Agreement With Westinghouse For Successors
Bulgaria's Government left the signing of the agreement on the new unit of the Kozloduy NPP with the US company Westinghouse to their successors, report Bulgarian-language media.
“The decision on the nomination of Bulgaria's European Commissioner is also left to the next government,” said vice PM Daniela Bobeva at a news conference after Wednesday's government session.
Bulgarian Energy Holding CEO Ivan Yonchev Leaves Office
Ivan Yonchev, CEO of the Bulgarian Energy Holding (BEH), has been discharged to undergo an operation, BEH has announced on his website.
Yonchev leaves the office on his own request, citing ill health and a medical intervention after which it will take long for him to recover, according to the message.
Kozloduy NPP Unit 7 Investor Agreement Implies No Commitments Yet -BEH
The strategic investor deal with US Westinghouse and Japan's Toshiba for unit 7 of the Kozloduy NPP does not entail commitments, according tо the Bulgarian Energy Holding (BEH).
Westinghouse Most Likely to Win Bulgarian Nuclear Deal
Westinghouse Electric is expected to sign a deal in the coming days to construct a nuclear reactor for Bulgaria's Kozloduy NPP, reports Nikkei Asian Review.
The US-based subsidiary of Japan's Toshiba group is in the final stages of negotiations on a basic agreement with Bulgarian Energy Holding for a reactor with an output between 1 M kilowatts and 1.2 M kilowatts.
BGN 22 M Approved for Decommissioning of Kozloduy NPP 1-4 Units
Bulgaria's government has given green light to the Economy Ministry to spend additional BGN 22 M on decommissioning four units of the Kozloduy NPP.
The money has already been projected in the central budget for 2014, website Investor.bg reports.