Text size

Bulgaria will take a loan from South Korea for the new Kozloduy NPP reactors

published on 9/3/24 2:41 PM

Photo: me.government.bg

The project to build the 7th and 8th units at the Kozloduy nuclear power plant is strategic for Bulgaria and Europe.

This was emphasized by the Caretaker Minister of Energy Vladimir Malinov during his visit to Seoul at the meeting with the management of Hyundai Engineering and Construction, which together with the US-based Westinghouse will build the two new units of the Kozloduy NPP.

Malinov and the management of the company promised each other that the two parties would make every effort to build the first AP 1000 reactor in Europe in Bulgaria. They promised a loan from the Korean Exim Bank to finance part of the project.

So far, Bulgaria has managed to negotiate a loan of USD 8 billion from the Export-Import Bank of the United States, according to Bulgaria's energy ministry.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Korea Kozloduy NPP nuclear power plant Vladimir Malinov

More from category

The memorial plaque honouring Dimitar Nachovich

Svishtov celebrates 169 years since the first chitalishte was founded in Bulgaria

Svishtov on the Danube is celebrating 169 years since the first Bulgarian chitalishte was founded. The official celebrations will take place at the memorial plaque honouring Dimitar Nachovich. The chitalishte in Svishtov was founded on 30..

published on 1/30/25 7:35 AM

Terms and conditions for applying for AI excellence program EXPLORER presented today

The terms and conditions for applying for the new stage of the EXPLORER programme of the Institute for Computer Science, Artificial Intelligence and Technology INSAIT at the St. Kliment Ohridski University in Sofia are to be presented today...

published on 1/30/25 6:35 AM

Visa issuance for tourists and workers to be speeded up

Bulgaria's Schengen membership is a great opportunity, but also a challenge. In order to make the most of this opportunity, administrative barriers that hinder the tourism sector must be removed. This was agreed by participants at a meeting on the..

published on 1/29/25 6:21 PM