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Westinghouse Agreements to Benefit Bulgaria Economy

SOFIA, June 3, 2014Westinghouse Electric Company today announced the signing of memoranda of understanding (MOUs) with EnergoService AD, ENPRO CONSULT Ltd. and OSKAR-EL Ltd. – all leading Bulgarian-owned and -operated companies.

These agreements mark an important milestone in the ongoing collaboration between Westinghouse and its local partners to advance the building of an AP1000® nuclear power plant for Kozloduy Unit 7 in Bulgaria.

These agreements will constitute a significant part of the automation, electrical control and engineering work, and will result in hundreds of millions of Bulgarian lev and sustained work for hundreds of Bulgarian engineers and technicians.

The three MOUs resulted directly from Westinghouse’s February 2014 supplier summit that brought together nearly 100 companies and organizations from across the country. The event showcased the opportunities and challenges of supplying products and services in support of AP1000 pressurized water reactors (PWRs).

The AP1000 new-build project is expected to significantly boost local, regional and national Bulgarian economies. At the height of construction, close to 3,500 local workers will be employed on site, with an additional 15,000 workers involved in the associated supply chain. Regional unemployment around the construction site could be reduced to nine percent, a reduction of four percent from the current 13 percent. Once the reactor is completed, its operation will require between 500 and 800 highly-skilled specialists.

According to Yves Brachet, president, Europe, Middle East and Africa: “This project supports the Bulgarian government’s policy for new nuclear development – energy security and diversification, financial robustness and proven technology. It ensures the implementation of the highest safety standards, and overall, the project will benefit the Bulgarian economy.

Bringing these key Bulgarian companies on board reaffirms Westinghouse’s pledge to use local talent and resources. It also shows our commitment to provide BEH with the most advantageous proposal. To the greatest degree possible, these partners will support existing global AP1000 reactor construction projects. These opportunities will add to the knowledge transfer which began when these major sub-suppliers executed the demanding upgrade of the Kozloduy auxiliary building instrumentation and control system between 2000 and 2007.”

The construction of an AP1000 reactor represents a once-in-a-generation opportunity for Bulgaria to invest in the latest technologies and adopt the highest and most competitive standards for their nuclear industry. The AP1000 PWR is the most advanced nuclear plant design in the world. As such, significant engineering, construction and manufacturing expertise will be shared with Bulgarian companies, providing substantial opportunities to support future global nuclear plant projects.

Eight AP1000 units are under construction currently—four each in China and the U.S. These plants will be substantial references for Kozloduy 7 since all are scheduled for completion prior to that construction. Westinghouse currently is in advanced discussions with several other European customers in the selection of the AP1000 plant for new-build programs.

Westinghouse Electric Company, a group company of Toshiba Corporation (TKY:6502), is the world's pioneering nuclear energy company and is a leading supplier of nuclear plant products and technologies to utilities throughout the world. Westinghouse supplied the world's first pressurized water reactor in 1957 in Shippingport, Pa. Today, Westinghouse technology is the basis for approximately one-half of the world's operating nuclear plants, including more than 50 percent of those in Europe. AP1000 is a trademark of Westinghouse Electric Company LLC. All rights reserved.

EnergoService is a private company specialized in maintenance of information and control systems. The company was established in 2005. Since 2006 EnergoService is working successfully on the maintenance of the Ovation® instrumentation and control systems and the radiation monitoring system installed on Units 5 and 6 and the auxiliary building at the Kozloduy Nuclear Power Plant.

ENPRO CONSULT is one of the leading engineering companies in Bulgaria with extensive experience in the industrial technologies. The company was established in 1998. During the years, ENPRO CONSULT has gained a high reputation and its services are an example of competence, reliability and quality in the field of the energy technologies, design and studies.

OSKAR-EL is a private company specializing in power supply, automation and control of the technological processes in industrial, electrical power and water sector. The company was incorporated in 2000 as the successor to the one created in 1992 as ET "Elena Mincheva", working mainly in the automation sector. Today, OSKAR-EL is active in three main areas: engineering and automation, electrical panel building and electrical installations for new and existing projects.

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Westinghouse Electric Company
 
AP1000®
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