Bulgaria Sweetens Nuclear Offer for Westinghouse

GALWAY, IRELAND--March 30, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Bulgaria's new government has improved its offer to get another nuclear power plant built by offering U.S. company, Westinghouse Electric Company(Monroeville, Pennsylvania), a 49% stake if it pledges to fund 49% of the project.

The plant, proposed for the site of the Kozloduy nuclear power plant on the river Danube, would be the country's seventh nuclear reactor and is expected to cost around $7.7 billion.