Ivan Genov

Bulgaria's Ministry of Economy and Energy specified that US company Westinghouse Energy Systems had been transferred over BGN 7 M under a program for the upgrade of units 5 and 6 of the Kozloduy nuclear power plant.
The media statement was published to dispel allegations that the money had been transferred under the project for a seventh unit at the Kozloduy-based N-plant.

A power price hike will help inject slightly over BGN 200 M into the National Electric Company (NEK), while its losses are expected to reach BGN 1 B over the next year, according to Bulgaria's caretaker Minister of Economy and Energy.

Ivan Genov, former CEO of Bulgaria's Kozloduy Nuclear Power Plant, has insisted that he leaves the N-plant in very good condition.

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Discharged Kozloduy NPP Chief Executive Ivan Genov has explained the move with lack of political affiliation.

Genov was replaced by Dimitar Angelov as head of the nuclear power plant late on Thursday at the decision of the Bulgarian Energy Holding.

Ivan Genov, Chief Executive of the Kozloduy Nuclear Power Plant has been replaced through a decision of the Bulgarian Energy Holding (BEH).

The new CEO of the Kozloduy NPP is Dimitar Angelov.

Angelov was CEO of the N-plant in 2007-2009, according to reports of dnevnik.bg.

Former Energy Minister Dragomir Stoynev has emphasized that the contract signed with US Westinghouse Electric on unit 7 of the Kozloduy NPP does not involve its construction.

In a Friday interview for private TV station bTV, he noted that it was normal to hold meetings between the company and the major political parties in the case of such a large-scale investment.

Ivan Genov, CEO of Bulgaria's Kozloduy nuclear power plant, has said that it cannot export electricity to Turkey.

In a Sunday interview for the Bulgarian National Radio (BNR), he explained that unit 5 of the N-plant was undergoing a planned annual overhaul and only unit 6 was operational.

The decreased electricity consumption might bring BGN 8 M losses to Bulgaria's nuclear power plant Kozlodui. 

Because of the unusually warm weather and low electricity consumption, Bulgaria's Electricity System Operator ordered the limiting of energy production by all power stations. 

Socialist MP Yavor Kuyumdzhiev has assured that electricity prices in Bulgaria will not increase for years.

"Anybody may request an increase in power rates but what matters is what the State Commission for Energy and Water Regulation (DKEVR) permits, and the demands of power distributors are unrealistic," Kuyumdzhiev said Thursday in an interview for Nova TV.