Petyo Ivanov

On November 5, 2024, Westinghouse Electric Company, Hyundai Engineering & Construction Co., and "Kozloduy NPP - New Powers" EAD signed a contract in Sofia to initiate engineering services for two nuclear reactors using Westinghouse's AP1000® technology. The event was attended by Bulgarian Prime Minister Dimitar Glavchev, Energy Minister Vladimir Malinov, U.S.

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.

We have consultants with whom we have discussed the possibility of reducing part of the fine and returning it to the three companies, the head of the BBulgarian Energy Holding, Petyo Ivanov told BNT on 20th of December.

The Bulgarian Energy Holding (BEH) has embarked on massive overhauls in the management of key state-owned energy companies.

The (BEH), an entity representing and managing state-owned assets in energy, has removed Jacklen Cohen as chair of the board of the Kozloduy Nuclear Power Plant (NPP).

Jacklen Cohen, head of Bulgarian Energy Holding (BEH) company, has been dropped from the board of directors of the state-owned group, the Energy Ministry has announced.

Cohen has been replaced as board member by Bulgargaz CEO Petyo Ivanov under a decision of Energy Minister Temenuzhka Petkova.

State-owned Bulgargaz has proposed to cut natural gas price for consumers by 14.26% in the fourth quarter of the year, a touch bigger decrease than initially planned.

Petyo Ivanov, CEO of Bulgaria's state-owned gas supplier Bulgargaz, has said that gas rates are expected to drop by around 13% from April, with a possibility for a new price decrease of up to 10% in July.