Westinghouse announced that if the planned new nuclear unit at Bulgaria’s Kozloduy NPP is built, the electricity produce would be sold at Lev39/MWh (€19.8/MWh) plus an additional cost which hasn't been publicly revealed. This is the lowest price ever offered by Westinghouse for a nuclear unit in Europe.
The turnkey cost of the project that has been set at US$5.3bn (€4bn) will be covered by Kozloduy NPP, a subsidiary of the state-owned energy company Bulgarian Energy Holding EAD (BEH EAD), while the Bulgarian State will have to paid up-front US$700m (€540m). On its side, Westinghouse will have to secure US$300m (€230m) to cover the cost of the equipment manufacturing and delivery and the preparation of the construction site.
The next Bulgarian government have until 2017-2018 to give its final consent for the agreement signed with Westinghouse in December 2013, including the up-front payment of US$700m. The reactor could go on stream in 2024–2025.