Kozloduy

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.

Former Energy Minister Dragomir Stoynev has emphasized that the contract signed with US Westinghouse Electric on unit 7 of the Kozloduy NPP does not involve its construction.

In a Friday interview for private TV station bTV, he noted that it was normal to hold meetings between the company and the major political parties in the case of such a large-scale investment.

An energy expert has said that the agreement with US Westinghouse on Kozloduy NPP's unit7 erodes Bulgaria's position in the arbitration case with Atomstroyexport over Belene NPP.

Westinghouse Electric announced on Friday that it had completed a shareholder agreement for an AP1000 unit at the Kozloduy NPP.

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'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.

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.

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. 

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.

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).