February 12 (SeeNews) - Bulgaria's energy minister Rumen Radev said on Monday that he expects the two planned reactors at the country's Kozloduy nuclear power plant (NPP) using Westinghouse Electric's AP1000 technology to cost up to $14 billion (13 billion euro) in total.
U.S.-based Westinghouse Electric Co is set to come up in March with a report with an indicative price of the reactors, Radev said at the signing of a cooperation agreement in nuclear energy between the U.S. and Bulgaria, as seen in a video broadcast by news outlet Dnevnik.
The cooperation agreement covers the construction of nuclear facilities at Kozloduy NPP, as well as exchange of expertise, technology and research.
Radev also said that he expects the project for the two new reactors to result in electricity prices of less than 65 euro per MWh.
Earlier this month, special project company Kozloduy NPP-New Build said five companies expressed interest in constructing two new reactors using Westinghouse Electric's AP1000 technology at Kozloduy NPP. In December, the Bulgarian parliament approved a government proposal to inject up to 1.5 billion levs ($826.1 million/766.9 million euro) in Kozloduy NPP for the construction of two new reactors using the AP1000 technology.
Kozloduy, Bulgaria's sole nuclear power plant, currently operates two Russian-designed VVER-1000 reactors of 1000 MW each, with their operational licences set to expire in 2027 and 2029, respectively.
($ = 0.9282 euro)
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