» Toshiba is close to striking a deal to build a nuclear reactor for Bulgarian utility

2014/07/03

Toshiba Corp. is close to striking a deal to build a nuclear reactor for a Bulgarian state-owned utility firm for about ¥500 billion.

The Japanese firm plans to build the reactor with output capacity of around 1.1 million kilowatts through its U.S. unit Westinghouse Electric Co.

It is also considering investing in a company related to the utility, Bulgarian Energy Holding EAD, through Westinghouse.

Toshiba and the energy holding company are expected to reach a basic agreement shortly, the sources said.

The report comes as some European countries are looking to cut their reliance on Russia for their energy needs as the Ukraine crisis rumbles on.

Bulgaria, which currently depends heavily on thermal power generation using natural gas imported from Russia, is aiming to increasing the use of nuclear power to ensure a more stable energy supply, according to the company sources.

<Media Report>
Toshiba nearing Bulgaria nuclear reactor deal (Japan Times)

Tags:construction of new plants, news, Toshiba

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