Kozloduy Nuclear Power Plant

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 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.

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.

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. 

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