Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Hyundai fears unfair competition in the construction of units 7 and 8 of Kozloduy NPP

Photo: Korea Times

Bulgaria’s Parliament rejected a proposal for consideration of a draft decision for the construction of new capacities at the Kozloduy nuclear power plant. MP Delyan Dobrev, Chairman of the National Assembly Energy Committee, asked the parliament to consider the draft decision which had already been approved by the Parliamentary Committee on Energy and the Parliamentary Committee on Environment and Water. However, it was rejected by the plenary with 102 votes in favour, 61 against and 51 abstentions. BTA reports.

The draft decision envisages that NPP Kozloduy - New Capacities start, conduct and conclude negotiations with Hyundai for the construction of Units 7 and 8 in Kozloduy NPP. Hyundai was shortlisted to build Units 7 and 8 at Kyzluduy NPP in competition with 2 American and 2 Chinese companies. The parliamentary committees rejected the proposal to invite the US company Bechtel for negotiations.

Hyundai fears unfair competition from some of its competitors in the construction of units 7 and 8 of the Kozloduy NPP using Westinghouse's AP1000 technology. The company emphasizes that it will cooperate with the South Korean embassy in Sofia to overcome the difficulties. Hyundai's position was published by the South Korean embassy in Bulgaria, BGNES reported.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria and US to exchange tax information automatically

Bulgaria and the US have already signed an agreement on the automatic exchange of tax information.  The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..

published on 5/31/24 4:02 PM

Business climate marks improvement of 0.6 points in May

In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry.  In construction, industry and services, no price..

published on 5/30/24 1:12 PM
Bulgarian National Bank building

Within the framework of the budget deficit the government takes on new 3-year debt

The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..

published on 5/28/24 9:19 AM