Westinghouse

An engineering contract for the construction of new nuclear facilities at Site No. 2 of the Kozloduy Nuclear Power Plant is set to be signed today with Hyundai and Westinghouse. Caretaker Energy Minister Vladimir Malinov stated that this contract will provide a precise schedule and fixed pricing for the project within 12 months of its signing.

NEW NUCLEAR-SPECIFIC GenAI SYSTEM WILL ENABLE COMPANY'S CUSTOMERS TO DEVELOP NUCLEAR SOLUTIONS WITH THE HELP OF ARTIFICIAL INTELLIGENCE

Toshiba's loss-hit U.S. nuclear unit Westinghouse Electric Company has filed for bankruptcy protection, the companies said on March 29, as the troubled division wrestles with huge losses and accounting fraud claims.

Bulgaria's Prime Minister Boyko Borisov has voiced his hope that US-based Westinghouse will return to Bulgaria and build Unit 7 of the Kozloduy nuclear power plant, but under new conditions.

Westinghouse Electric Company was to build Unit 7 under an agreement with the previous elected government.

A US delegation has arrived at the Bulgarian Energy Ministry for negotiations, the ministry has confirmed.

The "working visit", which will not be followed by a joint conference, comes just a day after Prime Minister Boyko Borisov put into question a joint project with US-based Westinghouse Electric Company.

The agreement between Bulgarian government and the US-based company Westinghouse regarding the construction of a seventh block to the Kozlodui nuclear power plant will be reviewed.

The statement was made by Energy Minister Temenuzhka Petkova Thursday.

Westinghouse Electric Company said on Monday it is donating BGN 17,000 (EUR 8,500) for the reconstruction of a kindergarten in the Bulgarian town of Mizia hit by flash floods last summer.

Westinghouse Electric Company has been accepted this week as full member of the Bulgarian Business Leaders Forum (BBLF) at the Board Meeting.

Michael Kirst, Westinghouse deputy president for strategy, is in Bulgaria in relation to the company's intention to build Unit 7 at the Kozloduy Nuclear Power Plant, officials say.

Kirst will not meet representatives of the new government as the aim of his visit is to explore environmental requirements and licensing regimes.