Westinghouse Electric Company

The American Westinghouse Electric Company has signed a contract for the modernization of Kozloduy nuclear power plant.

General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate.

Toshiba's loss-hit U.S. nuclear unit Westinghouse Electric Company has filed for bankruptcy protection, the companies said on March 29, as the troubled division wrestles with huge losses and accounting fraud claims.

Bulgaria's Prime Minister Boyko Borisov has voiced his hope that US-based Westinghouse will return to Bulgaria and build Unit 7 of the Kozloduy nuclear power plant, but under new conditions.

Westinghouse Electric Company was to build Unit 7 under an agreement with the previous elected government.

Westinghouse Electric Company and eight European consortium partners today announced that they have received EUR 2 million in funding from the European Union (EU) to establish the security of supply of nuclear fuel for Russian-designed reactors in the EU.

US-based Westinghouse Electric Company said on Thursday it agreed to discuss a new timetable and structure of the project to build Unit 7 of Bulgaria's Kozloduy nuclear plant.

Westinghouse CEO Danny Roderick said the decision had been taken "jointly by all parties and reflects the present conditions in Bulgaria of support for an infrastructure project of such a scale."

A US delegation has arrived at the Bulgarian Energy Ministry for negotiations, the ministry has confirmed.

The "working visit", which will not be followed by a joint conference, comes just a day after Prime Minister Boyko Borisov put into question a joint project with US-based Westinghouse Electric Company.

Westinghouse Electric Company's fuel at the South Ukraine Nuclear Power Plant's Unit 3 has performed flawlessly over at least three nuclear cycles, the company has said in a statement.

Inspections at the Yuzhno-Ykrainskaya (South Ukraine) NPP included the examination of six Westinghouse fuel assemblies between February 15 and March 1 of this year.

Westinghouse Electric Company said on Monday it is donating BGN 17,000 (EUR 8,500) for the reconstruction of a kindergarten in the Bulgarian town of Mizia hit by flash floods last summer.

Westinghouse Electric Company has been accepted this week as full member of the Bulgarian Business Leaders Forum (BBLF) at the Board Meeting.