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Bulgarian Energy Holding MoU for New Nuclear Power Units

The Executive Director of Bulgarian Energy Holding EAD (BEH) Valentin Nikolov and Frank Dishon, a representative of Fluor Corporation, signed a Memorandum of Understanding (MoU) for exchange of information and provision of preliminary assistance intended to help Bulgaria’s transition towards a zero-emission energy system and the implementation of the goals for a sustainable and reliable electricity system. As a result, BEH expands its portfolio of partnerships with the world’s most renowned energy companies in the framework of pan-European and national goals and priorities intended for the transition towards a low-carbon economy.

The ceremony was also attended by the Deputy Minister of Energy Miroslav Damyanov and the Executive Director of Kozloduy NPP – New Builds Lyuben Marinov.

Bulgarian Energy Holding is comprised of a group of companies engaged in the electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining market in Bulgaria.

“This new agreement exemplifies Fluor’s strategy to deliver decarbonization solutions in support of the world’s clean energy transition journey,” said Jim Breuer, group president of Fluor’s Energy Solutions segment. “Fluor has unparalleled experience in the nuclear industry. Coupled with its investment and demonstrated project capabilities with NuScale Power’s unique small modular reactor technology, Fluor is positioned as a leader in this global imperative.”

Fluor and Bulgarian Energy Holding have agreed to cooperate in evaluating potential program management services, front-end engineering, evaluation of the existing coal-fired fleet for potential nuclear small modular reactor repurposement projects, and the assessment of the Bulgarian supply chain and other related services.

“The necessity of implementing safe and reliable clean energy power at Kozloduy is well understood in Bulgaria and eastern Europe,” said Valentin Nikolov, chief executive officer, Bulgarian Energy Holding. “Fluor is a leading engineering, procurement, construction and project management services company in the energy transition space. Coupled with NuScale’s small modular nuclear reactor technology, we can achieve European and Bulgarian policy goals in a more diversified power market, improve the security of energy supply and add sufficient value for the national gross domestic product.”

Fluor has been serving the nuclear industry for more than 70 years including the design and construction support of more than 25 nuclear plants, plus nearly 100 million hours of nuclear operations and maintenance work.

Read More: Bulgarian Energy Holding MoU for New Nuclear Power Units

2021-11-01 05:24:50

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