Petyo Ivanov: The project for new nuclear power plants in Kozloduy could bring over €55 billion to Bulgaria

Within the framework of Regional Energy Summit: Infrastructure, Innovation, Integration, organized by Capital, the Executive Director of "Kozloduy NPP - New Capacity" Petyo Ivanov presented key data from the socio-economic analysis of the project for units 7 and 8 at the Kozloduy NPP site.

According to the data presented, the project will have a significant economic effect:

During construction, the new units could generate an effect on Bulgarian GDP of over 9 billion euros
In the long term, for the entire operational period of at least 60 years, the effect on GDP is expected to exceed 55 billion euros
The project will activate a wide range of industries and suppliers and provide significant employment – up to 7,000–8,000 people during construction
One new nuclear power plant will prevent approximately 7.3 million tons of CO₂ annually, thus contributing to achieving the country's climate goals

The main focus of the discussion was the key milestones, challenges and the timetable for achieving final investment decision (FID) and the signing of the EPC contract for the new facilities in Kozloduy.

The new nuclear power project is a strategic investment for Bulgaria and part of the country's long-term vision for sustainable and low-carbon energy development.

The management of „Kozloduy NPP – New Builds“ and the US Embassy have confirmed the strategic partnership on the new nuclear power project.

The Board of Directors of „Kozloduy NPP - New Capacities“ held a working meeting with H. Martin McDowell, Chargé d'Affaires of the US Embassy in Sofia, and Mr. Patrick Tilou, Political and Economic Affairs Advisor to the US Embassy. The two sides declared their common commitment to the new nuclear power plant project in Kozloduy, which remains a strategic priority in [...]

The executive director of „Kozloduy Nuclear Power Plant - New Powers“ Alexander Mihaylov held a meeting with MEP Tsvetelina Penkova on the future of nuclear energy.

The CEO of „Kozloduy Nuclear Power Plant - New Builds“ Alexander Mihaylov held a working meeting with Bulgarian MEP Tsvetelina Penkova. The two sides discussed the prospects for nuclear projects in the context of the intensifying European focus on energy security, industrial competitiveness, and decarbonisation.

The new management of „Kozloduy NPP – New Capacities“ held its first working meeting with the senior management of the Westinghouse and Hyundai Engineering & Construction consortium.

On 9 July 2026, the new management of „Kozloduy NPP – New Capacities“ EAD held its first official working meeting with representatives of the senior management of Westinghouse and Hyundai Engineering & Construction (Hyundai E&C), dedicated to the development of the project for the construction of new nuclear capacities at the Kozloduy NPP site. From the company's side, it was attended by [...]

Petyo Ivanov: The project for new nuclear power plants in Kozloduy could bring over €55 billion to Bulgaria

More news

The management of „Kozloduy NPP – New Builds“ and the US Embassy have confirmed the strategic partnership on the new nuclear power project.

The executive director of „Kozloduy Nuclear Power Plant - New Powers“ Alexander Mihaylov held a meeting with MEP Tsvetelina Penkova on the future of nuclear energy.

The new management of „Kozloduy NPP – New Capacities“ held its first working meeting with the senior management of the Westinghouse and Hyundai Engineering & Construction consortium.

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