Bulgaria expects to take a final investment decision (FID) in 2026 on the construction of two new Westinghouse AP1000 nuclear reactor units at the Kozloduy site, the head of the project company told journalists.

Petyo Ivanov, chief executive of Kozloduy NPP-New Build, said the company has appointed Ernst & Young as financial adviser and work has already started on building a financial model, engaging with export credit agencies, and carrying out due diligence for banks.