Kozloduy

Bulgaria's Ministry of Economy and Energy specified that US company Westinghouse Energy Systems had been transferred over BGN 7 M under a program for the upgrade of units 5 and 6 of the Kozloduy nuclear power plant.
The media statement was published to dispel allegations that the money had been transferred under the project for a seventh unit at the Kozloduy-based N-plant.

The life of unit 5 of Bulgaria's Kozloduy nuclear power plant may be extended by up to 60 years, according to a media statement of the N-plant.

A power price hike will help inject slightly over BGN 200 M into the National Electric Company (NEK), while its losses are expected to reach BGN 1 B over the next year, according to Bulgaria's caretaker Minister of Economy and Energy.

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.

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Ivan Genov, former CEO of Bulgaria's Kozloduy Nuclear Power Plant, has insisted that he leaves the N-plant in very good condition.

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Ivan Genov, Chief Executive of the Kozloduy Nuclear Power Plant has been replaced through a decision of the Bulgarian Energy Holding (BEH).

The new CEO of the Kozloduy NPP is Dimitar Angelov.

Angelov was CEO of the N-plant in 2007-2009, according to reports of dnevnik.bg.

Vasil Shtonov, Bulgaria's caretaker Minister of Economy and Energy, has cited the life extension of units 5, 6 of the Kozloduy nuclear power plant as one of the key priorities on his agenda.

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The estimated price of Unit 7 of Bulgaria's Kozloduy NPP would be below 10% of the country's GDP, said Westinghouse Electric in a statement. 

The shareholder agreement with Westinghouse on Kozloduy NPP unit7 does not tie Bulgaria to any requirements for investments, state guarantees or mandatory purchase contracts.

The company issued a statement to shed light on the agreement, which was published on the website of the Kozloduy N-plant on Friday.

Bulgaria's Kozloduy NPP has published on its official website the shareholders' agreement signed with US Westinghouse Electric.