Westinghouse Electric Corporation

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

The American Westinghouse Electric Company has signed a contract for the modernization of Kozloduy nuclear power plant.

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.

Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.

Borisov made clear Wednesday in Parliament that Bulgaria could not afford to implement the project unless US Westinghouse Electric joined the scheme as an investor.

US-based Westinghouse Electric Company has presented a project for the expansion of the Kozloduy nuclear power plant to the Bulgarian representatives at the European Parliament and to EU policy specialists.

The main topics of the meeting were the advantages of the Westinghouse AP1000 technology and the plans for the construction of unit 7 of the Kozloduy NPP.

Turkey has begun preliminary talks with US-based Westinghouse Electric Company on the construction of a third nuclear plant in the country.

The news was announced in a Westinghouse statement.

Turkey has entered exclusive preliminary talks with U.S.-based Westinghouse Electric Company, part of Japan’s Toshiba group, on building the country’s third nuclear power plant, Westinghouse said.

The talks will continue for six months and will be conducted by Turkish state-owned electricity generation company EÜAS, Turkish energy officials said Nov. 25.