{"id":11812,"date":"2014-08-01T12:00:00","date_gmt":"2014-08-01T09:00:00","guid":{"rendered":"https:\/\/vo.afonico-test.ru\/novosti-otrasli\/westinghouse-moves-forward-with-kozloduy-7\/"},"modified":"2014-08-01T12:00:00","modified_gmt":"2014-08-01T09:00:00","slug":"westinghouse-moves-forward-with-kozloduy-7","status":"publish","type":"post","link":"https:\/\/vosafety.ru\/en\/novosti-otrasli\/westinghouse-moves-forward-with-kozloduy-7\/","title":{"rendered":"Westinghouse moves forward with Kozloduy 7"},"content":{"rendered":"

Westinghouse plans to hold a competitive tender \u201cwithin the next year\u201d for construction of a seventh reactor at the Kozloduy nuclear power plant in Bulgaria. The AP1000\u00a0reactor is projected to be online by 2023.<\/strong><\/h4>\n

The site is already home to two operating Russian-designed VVER-1000\u00a0pressurised water reactors, Kozloduy 5\u00a0and 6, as well as four shut-down VVER-440s.<\/p>\n

Westinghouse, part of Japan\u2019s Toshiba group, announced the target date following its signing today of a shareholder agreement for the Kozloduy nuclear power plant expansion project. A source close to the talks in Sofia told World Nuclear News<\/em> the agreement decides the ownership of project company Kozloduy NPP\u00a0\u2014 New Builds plc, of which Kozloduy NPP plc and Westinghouse will own, respectively, 70% and 30%.<\/p>\n

The agreement followed consultations with all of Bulgaria\u2019s political parties, Westinghouse said in a statement. This and subsequent agreements for the project will be subject to future government oversight, it said. Bulgaria will have an interim government for two months, following the resignation of prime minister Plamen Oresharski\u2019s government last week and a snap election in October.<\/p>\n

The agreement also formalizes the selection of an AP1000\u00a0design reactor by Bulgarian Energy Holding EAD (BEH EAD), Kozloduy NPP plc and Kozloduy NPP\u00a0\u2014 New Build plc. These parties entered into exclusive talks with Westinghouse in December 2013, following a feasibility study conducted under a competitive tender. Westinghouse will provide all of the plant equipment, design, engineering and fuel for the new unit.<\/p>\n

A tender for the plant\u2019s construction will follow European Union and Bulgarian public procurement rules, Westinghouse said. This process is expected to involve Bulgarian and global construction companies.<\/p>\n

Bulgaria\u2019s council of ministers approved an economy and energy ministry report on the shareholder agreement on 30\u00a0July, BEH EAD said yesterday. The agreement\u00a0\u2014 including the financing terms of an engineering, procurement and construction (EPC) contract for the project\u00a0\u2014 will enter into force after approval by the next government, it said.<\/p>\n

No guarantee<\/h4>\n

Today\u2019s agreement does not in itself mean that Kozloduy 7\u00a0will be built, however.<\/p>\n

\u201cAny future build will be dependent on future agreements such as an EPC. It will also require mutual agreement on financing terms and conditions\u201d, Westinghouse spokesman Hans Korteweg told World Nuclear News<\/em>.<\/p>\n

\u201cThis agreement does not identify any specific assumptions on state support of any kind. It allows both Westinghouse and Kozloduy to engage international finance entities to determine best conditions for both parties. If this is not realized, the project will not go forward\u201d, Korteweg said.<\/p>\n

\u201cThis agreement in no way creates a binding decision to proceed\u00a0\u2014 by either party. What it does do is to provide a basis for the project to go forward through a working partnership in reaching the next key agreements and obtaining attractive financing\u201d, he said.<\/p>\n

Some commentators in Bulgaria have said discussion about the project had lacked transparency, but Korteweg said this assertion was false.<\/p>\n

\u201cThe process is similar to those conducted in France and the UK, for instance, where a partner and a technology are selected from current viable alternatives,\u201d he said. \u201cSpecifically, there are only three PWR reactor designs certified in Europe\u00a0\u2014 AP1000, EPR and MIR.1200. The Westinghouse AP1000\u00a0meets the criteria of diversified technology from existing reactors and 1200\u00a0MW maximum in size due to Bulgarian grid limitations\u201d, he said.<\/p>\n

Prior to today\u2019s announcement, Kozloduy NPP and Westinghouse were bound by confidentiality common in all industries before release of the parameters of an agreement, he said.<\/p>\n

Bulgarian owner<\/h4>\n

Although he would not confirm the share ownership of the project company, Korteweg said Westinghouse will not remain an equity investor once the reactor has been completed.<\/p>\n

\u201cWe believe this is a national asset for Bulgaria and do not wish to dictate or otherwise influence the decision-making of its owners and operators. Bulgaria will have 100% of the revenue and profits of this plant\u201d, Korteweg said. \u201cWestinghouse\u2019s stake in the project company during construction incentivizes Westinghouse to build a plant that meets international and Bulgarian safety standards, on schedule and within budget\u201d, he said.<\/p>\n

Bulgaria has an oversupply of electricity, but supply will fall in the mid-2020s with changes in the country\u2019s energy mix, including fossil fuel plant closures due to CO2\u00a0emission reduction requirements and relative competitiveness of renewable energy, he said.<\/p>\n

Additional nuclear power capacity during this timeframe \u201ccan certainly be utilized domestically and in export growth\u201d, he said. Kozloduy 7\u00a0also represents the \u201csmooth and eventual\u201d replacement of units 5\u00a0and 6\u00a0in the next 20\u201330\u00a0years, especially after units 1\u20134\u00a0were shut down as part of Bulgaria\u2019s accession to the EU in 2007, he said.<\/p>\n

Asked if there will be a guaranteed power price for the reactor once it comes online, Korteweg said today\u2019s agreement does not mention this.<\/p>\n

\u201cWhile many EU countries will be utilizing this tool, such as the UK, this is the decision of the Bulgarian government and its energy regulator to decide. The most important point is that the project produces power at the most competitive price compared to alternatives. This is something we are confident will be achieved\u201d, he said.<\/p>\n

Korteweg would not comment on the cost to build Kozloduy 7, but said Westinghouse has \u201coffered a commercially attractive price to Bulgaria to provide diverse energy security without greenhouse gas generation\u201d.<\/p>\n

The company has \u201cfull confidence\u201d that the conditions of this and future agreements for the project will meet EU rules, he said.<\/p>\n

Energy diversification<\/h4>\n

Korteweg referred to the European Commission\u2019s publication in May of a Communication outlining its recommendations for the establishment of a European Energy Security Strategy.<\/p>\n

\u201cCentral to that strategy is the urgent need for the EU to increase its indigenous energy production, reduce its dependence upon external suppliers, and encourage diversity in the energy mix in order to meet its energy needs\u201d, he said.<\/p>\n

A European Council decision in late June to diversify energy supplies from Russia is also consistent with the Kozloduy 7\u00a0project, he said, as currently Russian companies have a monopoly supply of fuel to the plant.<\/p>\n

\u201cWestinghouse is not an integrated vendor and must therefore contract with local suppliers\u201d, Korteweg said. \u201cA significant amount of the project will be done in Bulgaria and is expected to significantly boost local, regional and national Bulgarian economies. Bulgarian companies are currently heavily involved with other contracts that Westinghouse has with units 5\u00a0and 6\u201d, he said.<\/p>\n

At the height of construction of the new unit, close to 3500\u00a0local workers will be employed on site, with an additional 15,000\u00a0workers involved in the associated supply chain, he said. Regional unemployment around the construction site could be reduced to 9% from the current rate of 13%, he said. Once the reactor is completed, its operation will require between 500\u00a0and 800\u00a0highly-skilled specialists, he said.<\/p>\n

Westinghouse is also prepared to integrate Bulgarian companies into other ongoing and prospective projects, such as in the UK, he said.<\/p>\n

Westinghouse recently announced an agreement to supply three Westinghouse AP1000\u00a0nuclear reactors to the NuGeneration Limited\u2019s Moorside project in West Cumbria, England, in partnership with Toshiba and GDF Suez.<\/p>\n","protected":false},"excerpt":{"rendered":"

Westinghouse plans to hold a competitive tender \u201cwithin the next year\u201d for construction of a seventh reactor at the Kozloduy nuclear power plant in Bulgaria. The AP1000\u00a0reactor is projected to be online by 2023. The site is already home to two operating Russian-designed VVER-1000\u00a0pressurised water reactors, Kozloduy 5\u00a0and 6, as well as four shut-down VVER-440s.…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-11812","post","type-post","status-publish","format-standard","hentry","category-novosti-otrasli"],"translation":{"provider":"WPGlobus","version":"3.0.6","language":"en","enabled_languages":["ru","en"],"languages":{"ru":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"acf":[],"yoast_head":"\nWestinghouse moves forward with Kozloduy 7 - JSC \u201cVO \u201cSafety\u201d<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vosafety.ru\/novosti-otrasli\/westinghouse-moves-forward-with-kozloduy-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westinghouse moves forward with Kozloduy 7 - 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