Image Credit : Daniel Prudek / Shutterstock.com | Visual for illustration purpose
1 minute read

“Bulgaria and US Exim Bank Collaborate on Financial Framework for Kozloduy’s New Nuclear Reactors”

The US Export-Import Bank (Exim) is currently developing the financial framework for Bulgaria’s upcoming nuclear reactors at the Kozloduy nuclear power plant:

Project Details: Bulgaria intends to construct two Westinghouse AP1000 reactor units at the existing Kozloduy site. The project aims to meet a parliamentary deadline set for mid-2025.

Cooperative Efforts: Bulgaria and the United States have entered into a cooperative agreement for the project, including the establishment of a working group responsible for designing, constructing, and commissioning the new units. The Bulgarian government is confident in meeting the timeline with support from their US partners at Westinghouse.

Financial Aspects: In December 2023, Bulgaria’s parliament endorsed a €766 million funding proposal for the project. Additionally, the government has opted to invite third-party investors to participate in the project, seeking to build the new reactor without relying on government funds or state guarantees.

Legal Disclaimer:
Nucnet
GLOBAL FLOW CONTROL provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above. "

Latest News

  • Mining and Metals
    1 minute read

    Serbia Set to Approve Rio Tinto…

    16 Jun. 2024 | Global Flow Control
  • Mining and Metals
    1 minute read

    South Korea Expands Critical Minerals Exploration…

    16 Jun. 2024 | Global Flow Control
  • LNG and Industrial Gases
    1 minute read

    Paraguay Proposes $1.5 Billion Gas Pipeline…

    16 Jun. 2024 | Global Flow Control
  • Power Generation
    0 minutes read

    Uzbekistan, Kyrgyzstan, and Kazakhstan Sign Agreement…

    16 Jun. 2024 | Global Flow Control