Bulgaria May Start Work on New NPP Unit with Westinghouse by 2016
Monday, 25 November 2013
Bulgaria may start work on a new unit at its Kozloduy nuclear power plant (NPP) by 2016 using technology provided by the U.S.–based Westinghouse Electric Company, the Balkan country’s economy minister Dragomir Stoynev said.
Stoynev will propose to the government to mandate the state-run Bulgarian Energy Holding to open talks with Westinghouse on using its AR1000 technology for the unit it plans to build at the Kozloduy NPP, the economy ministry said in a press release.
“I expect that this decision will become a fact by the end of the year, and if all goes according to schedule, in six months we could have a financial model, including a final price,” the statement quoted Stoynev as saying upon his return from a visit to the U.S. on Saturday.
The construction works could then begin by 2016 at the earliest, he added.
Various financing models could be applied in such a project, but at this stage it is certain that U.S Eximbank is interested in proving part of the funds, Stoynev said, adding that he held talks with officials from the bank during his overseas visit.
However, the new unit would be owned by the Bulgarian state, Stoynev stressed.
Bulgaria may opt for an AR1000 type reactor with a lifespan of 60 years, with an option to be extended by another 20 years at least, Stoynev said.
The Kozloduy NPP operates two 1,000 megawatt (MW) units. In early 2012, the government in Sofia decided to add a new 1,000 MW unit to the plant, instead of building a 2,000 MW NPP from scratch in another Danubian town, Belene.