Bulgaria and USA Ink Deal for New Nuclear Power Units at Kozloduy NPP
Bulgaria and the United States have formally sealed an agreement to collaborate on the construction of two new units at the Kozloduy Nuclear Power Plant (NPP). The pact, signed by Bulgarian Energy Minister Rumen Radev and US Assistant Secretary for International Affairs Andrew Light, outlines cooperation in nuclear power development and technology exchange.
According to Minister Radev, the cost of electricity generated by the future Units VII and VIII of the Kozloduy NPP will be capped at 65 euros per megawatt-hour. The total construction expenses for the new units are estimated to reach up to 14 billion euros, pending a forthcoming report from Westinghouse, the American company supplying the reactors for the project.
Radev emphasized that the Bulgarian government views the construction of Units 7 and 8 as a national endeavor, with state participation ranging from 25-30% and financing secured through loans, partly backed by state guarantees. However, he expressed optimism that the total project cost could be reduced below the estimated figure.
The Energy Minister assured that arrangements have been made for fixed terms and prices, aiming to ensure the optimal cost for the project. He projected that future electricity prices would remain competitive, comfortably below the European average, and not exceeding 65 euros per megawatt-hour.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Kozloduy NPP Initiates Transition from Russian to US Nuclear Fuel in May
The Kozloduy Nuclear Power Plant (NPP) in Bulgaria is set to embark on a significant transition as it begins the process of replacing Russian nuclear fuel with American fuel from Westinghouse
Bulgargaz Forecasts 5-6% Dip in Natural Gas Prices for May
Bulgargaz, the leading public gas supplier in Bulgaria, anticipates a notable decrease in the price of natural gas for the upcoming month of May. According to Lyudmila Vitanova
Bulgaria Boasts EU's Second Lowest Household Electricity Prices in H2 2023
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
Bulgaria's Nuclear Regulatory Agency Approves Westinghouse Nuclear Fuel for Kozloduy NPP
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Bulgargaz Anticipates Liquefied Gas Deliveries via Alexandroupolis Terminal In May
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
Greek Electricity Giant Acquires Bulgarian Solar Parks
The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria