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.