The Bulgarian government has unveiled a new energy strategy which will involve investing over $946m by 2001 and reflects its efforts to join the European Union. Within the strategy are plans to decommission Kozloduy nuclear power plant and restructure and privatize the energy sector.
The Bulgarian prime minister Boyko Borissov explained the vulnerable position his country currently faces as a result of Russian involvement in the company's energy sector at a European Commission meeting this week.
Westinghouse Electric Company today announced that it has signed a shareholder agreement following consultations with all Bulgarian political parties for the expansion of the Kozloduy Nuclear Power Plant.
Bulgarian Energy Holding (BEH) is to enter exclusive talks with Westinghouse and Toshiba towards the construction of an AP1000 as the seventh unit at the Kozloduy nuclear power plant, 120 miles north of the Bulgarian capital, Sofia.