Financing wind in Montenegro,...

The landscape of renewable finance in Southeast Europe has undergone a profound transformation....

How Southeast Europe’s grid...

Wind development in Southeast Europe is accelerating at a pace unimaginable only a...

Serbia–Romania–Croatia: The new triangular...

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside...

The bankability gap in...

The transformation of Southeast Europe into a credible wind-investment region has been rapid,...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria: NPP Kozloduy...

Bulgaria: NPP Kozloduy expansion project approved, NPP Belene project abandoned

At the existing nuclear power plant Kozloduy a construction plan for additional unit was recently approved by Bulgarian Government. Previously, Minister of Energy Temenuzhka Petkova said that the equipment bought for nuclear power plant Belene project will be used in the construction of a new unit 7 of NPP Kozloduy. However, this effectively means that the Government is abandoning the project for the construction of NPP Belene, since tender documentation reads that the state will contribute to the project company with the land and equipment, which will now be used for a new unit at NPP Kozloduy.

The decision on NPP Kozloduy expansion followed extensive talks with the US nuclear engineering company Westinghouse for a hybrid solution for a new unit with US technology that would make the maximum use of Russian equipment which Bulgaria has already purchased for NPP Belene. However, the Government did not provide any estimates regarding the cost of the project, only expressed hope that the unit could be operational in 10 years.

Last October, the Government allowed the Bulgarian Energy Holding (BEH) to hold talks with US companies, including those offering small modular reactors, in order to explore options for the construction of unit 7 at the approved site within NPP Kozloduy. Bulgaria had already signed an agreement on the construction of unit 7 at NPP Kozloduy with US company Westinghouse, but the project was terminated in 2015, by the first Government led by Boyko Borisov.

In December 2019, Bulgaria announced the five shortlisted companies to enter the second, binding round of NPP Belene tender. She specified that the Russian, South Korean and Chinese companies are bidding for the position of strategic investor in the project, Framatome expressed interest in supplying safety systems and financing this share of its participation, while General Electric wants to manufacture turbines and other equipment and will also self-finance this part of the project. The five were selected on the basis of their experience in building nuclear power plants, their financial stability and high credit rating. In mid-2020, the Government said that the decision on the selection of a strategic investor is delayed due to the coronavirus pandemic.

 

 

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Financing wind in Montenegro, Serbia, Croatia and Romania — why international lenders are returning to Southeast Europe

The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local...

How Southeast Europe’s grid bottlenecks will reshape project valuation, offtake strategy and EPC designs by 2030

Wind development in Southeast Europe is accelerating at a pace unimaginable only a decade ago, yet the region’s grid infrastructure is straining under the weight of its own renewable ambition. Serbia is preparing for multi-gigawatt expansion, Romania is restarting...

Serbia–Romania–Croatia: The new triangular wind corridor — is Southeast Europe becoming Europe’s next Iberia?

For years, the Iberian Peninsula defined what a wind powerhouse looked like inside Europe: strong resource, open land, grid-ready corridors, competitive auctions, and the steady inflow of international capital. Investors seeking scale, yield, and policy clarity migrated naturally towards...
Supported byVirtu Energy
error: Content is protected !!