Westinghouse asked to take 49% share of Bulgaria nuclear power plant

 Westinghouse asked to take 49% share of Bulgaria nuclear power plant

Bulgaria has asked Westinghouse Electric Co. to take up a 49 percent stake in the country’s nuclear power plant expansion project.
 
The government also asked Westinghouse to raise project financing that corresponds to their stake in the Kozloduy nuclear power plant, according to the Sofia Globe. The government is expected to hold a 51 percent stake in the company that would build the reactor. Westinghouse will provide plant equipment, design, engineering and fuel.
 
Westinghouse signed on in 2014 to build a 1,000-MW reactor at the plant for about $5.3 billion. Negotiations between the government and Westinghouse are expected to continue up to the March 31 deadline, the article said.

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