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. 

In the agreement, the Westinghouse AP1000nuclear power plant was selected by Bulgarian Energy Holding EAD (BEH EAD), Kozloduy NPP plc and Kozloduy NPP-New Builds plc. These parties entered into exclusive talks in December 2013, following a feasibility study which was conducted under a competitive tender. Westinghouse will provide all of the plant equipment, design, engineering and fuel. Within the next year, Westinghouse will issue a competitive tender, in line with European Union (EU) and Bulgarian public procurement rules, for the plant construction.
AP1000 reactor
This process is expected to involve Bulgarian and global construction companies. The AP1000 reactor is projected to be online by 2023, and is zerocarbon baseload power that meets EU and Bulgarian requirements of competitive and low-carbon energy for the following 60 years.

Danny Roderick, Westinghouse president and CEO said, “The AP1000 nuclear power plant will offer a unique combination of benefits to Bulgaria: unequalled safety, licensing and project certainty, job creation through sustainable localization and technology and fuel diversification, in line with EU policies and objectives. There are no other alternatives that deliver all of these important objectives and on this scale.”

“The AP1000 reactor will create over 20,000 direct and indirect jobs in Bulgaria, as well as sustain jobs in the United States. The project also will facilitate dozens of BulgarianU.S. commercial nuclear and other manufacturing partnerships, and establish permanent academic and technology sharing and development.”