Westinghouse Electric

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 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.

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.