Bulgaria Signs Nuclear Deal With Westinghouse

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Bulgaria Signs Nuclear Deal With Westinghouse

by Wochit 0:44 mins

Bulgaria Signs Nuclear Deal With Westinghouse

by Wochit 0:44 mins

Bulgaria, one of five EU states that depend totally on Russia for nuclear fuel, and Westinghouse Electric Company signed a shareholder agreement on Friday paving the way for construction of a new nuclear reactor estimated to cost $5 billion. The deal, which still requires the approval of Bulgaria's next government, will help the Balkan country reduce its energy dependence on Russia at a time of increased tensions between Moscow and the European Union over Ukraine. Bulgaria currently operates two Soviet-made 1,000 megawatt nuclear reactors at the Kozloduy site on the River Danube.

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