The Bulgarian parliament on Monday (18 December) approved a government proposal to inject up to 1.5 billion levs (€766m, $837.6m) into the state-owned Kozloduy Nuclear Power Plant (KNPP) corporation to fund the planned construction of the first of two proposed reactors using Westinghouse Electric's AP1000 technology.
The funds will be used to increase the capital of project company KNPP-Newbuild by January 20, according to a decision approved by members of parliament. The financing is expected to cover the preparation of the engineering and technical project for the first new unit.
As part of the decision, lawmakers also adopted a provisional timeline for the construction process, with a view to commissioning the first reactor by the end of 2034.
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