Bulgaria confirms new nuclear reactor installation

Energy Minister Dragomir Stoynev has confirmed that Bulgaria is to build a new unit at its sole nuclear power plant at Kozloduy.

The Bulgarian government is negotiating with Westinghouse to install the unit, which had originally been intended for the Belene nuclear power plant, which was shelved due to the cost of financing it.

Energy Minister Dragomir Stoynev
The construction is expected to begin in 2016, according to Novonite.com, with a report currently being prepared to go before Prime Minister Plamen Oresharski for approval. The next step would be to give negotiations' mandate to the Bulgarian Energy Holding, BEH, and to prepare a financial model to be ready in six months.

The Minister added that Exim Bank has expressed interest in financing the project for Unit 7 of Kozloduy NPP, which would likely see the installation of the Westinghouse АР 1000 reactor.

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