Minister of Energy Rumen Radev said that Bulgaria plans to provide 1.5 billion euros in state guarantees for the construction of unit 7 at nuclear power plant Kozloduy. The state guarantee is required for raising loans on behalf of the project company for the construction of the Westinghouse AP-1000 reactor.
Radev added that the state guarantees can aid the project company in negotiating funding to achieve the best interest rates and terms. He said that it is yet to be decided which banks will be approached for funding. There will likely be several banks because of the scale of the project.
In October, the Bulgarian Government decided to increase the capital of NPP Kozloduy New Builds, the project company for government new units at NPP Kozloduy, by 250 million euros.
