Bulgarian Energy Ministry to Review Westinghouse Contract

Bulgarian Energy Ministry to Review Westinghouse Contract

The agreement between Bulgarian government and the US-based company Westinghouse regarding the construction of a seventh block to the Kozlodui nuclear power plant will be reviewed.
The statement was made by Energy Minister Temenuzhka Petkova Thursday.
''The agreement has not as yet enetered into power and has been signed in condition it will be confirmed by the following government,'' Petkova stated. '' The deadline mentioned in the contract is March 31. That date has not yet come so we are continuing the talks with our colleagues from Westinghouse and hope to have more clarity on the issue quite soon.''
She added that a working group has been created that involves experts from the Kozlodui nuclear power plant, the Bulgarian Energy Holding and Westinghouse. They will be working to achieve agreement on every single point of the contract, as explained by the Energy Minister.
Among the requirements that the government has posed are that there should be no state guarantee requirements, that the company's participation should be 49% and that it the investment should be binding for a long-term.
 
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.