Kozloduy N-plant 2012 Net Profit Grows 28%

Kozloduy N-plant 2012 Net Profit Grows 28%

Bulgaria's sole nuclear power plant Kozloduy said its net profit increased by 28.37% to 146.6 million levs ($99 million/75 million euro) in 2012.
The power plant generated 807.7 million levs from the sale of electricity last year, down from 837.2 million levs in 2011, it said in an annual financial statement.
The Kozloduy plant posted earnings before interest, tax, depreciation and amortisation (EBITDA) of 345.8 million levs in 2012, up 0.61% on the year. Its EBITDA margin inched up to 40.8% from 40.3% a year earlier.
Last year, the nuclear power plant generated 15.8 million megawatt hours (MWh) of electricity, down from 16.3 million MWh in 2011. Kozloduy sold 9.1 million MWh of its power output on the regulated market and 5.7 million MWh on the deregulated market.
The utilisation rate of Kozloduy's only operating units, Five and Six, stood at 89.9% last year, down from 93.12% in 2011.

The Kozloduy plant remained with two operational reactors of 1,000 MW each after the country closed down four units of 440 MW each to address nuclear safety concerns of the European Union prior to its accession to the bloc. Bulgaria joined the EU in 2007. In April 2012 the government decided to add another 1,000 MW unit to the Kozloduy plant. 

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