Bulgaria / Hyundai Is Right Choice To Build Kozloduy-7 And -8 AP1000 Reactors, Says Former Energy Minister

‘South Korean companies have good record for project completion on time and on budget’

Hyundai Is Right Choice To Build Kozloduy-7 And -8 AP1000 Reactors, Says Former Energy Minister
Bulgaria is planning to build two AP1000 nuclear plants at the existing Kozloduy site. Courtesy KNPP.

The Bulgarian government’s choice of South Korea’s Hyundai Engineering & Construction (Hyundai E&C) to build the proposed Kozloduy-7 and -8 AP1000 units is a well-thought-out decision, but a 15 April deadline imposed by the Bulgarian National Assembly on 26 February for starting negotiations on the contract seems too close, a nuclear power expert has said.

“Hyundai E&C signed a partnership agreement with Westinghouse Electric Company in May 2022 and are looking to expand their cooperation in Europe,” said Milko Kovachev, Bulgaria’s energy minister from 2001-2005, and a former head of department at the International Atomic Energy Agency, speaking to NucNet on 28 February.

Over the last 10 years, the South Koreans have been looking at opportunities to work in Europe in compliance with EU regulation, he said. This means the choice made by the Bulgarian government to choose Hyundai E&C cannot come as a surprise.

Want to keep reading?

Register free and get full access to NucNet for 14 days. No card required.

Republish or license this article

MORE THAN 30 YEARS OF NUCLEAR INDUSTRY REPORTING.

Subscribe for full access to every article, the archive and the SMR and AMR database.

Join NucNet