The financing of the construction of the Bulgaria’s proposed Kozloduy-7 AP1000 nuclear plant is set to be primarily sourced from commercial banks, covering 70% of the project, with the Bulgarian government contributing the remaining 30%, according to Valentin Nikolov, the chief executive of the Kozloduy nuclear power station.

Speaking at a nuclear conference in Sofia organised by the Bulgarian Energy and Mining Forum last week, Nikolov said that the “financial structure for the construction of both Kozloduy-7 and -8 will be decided later on this year after all participants for the first reactor’s construction are selected, including defining their specific roles in the project.”