The planned construction of Units 7 and 8 at the Kozloduy Nuclear Power Plant could generate up to 55 billion euros for Bulgaria’s economy over their operating lifetime, according to project representatives presenting updated progress on the initiative.
The briefing, held in Sofia with participation from Kozloduy NPP – New Capacity, Westinghouse, and Hyundai E&C, highlighted the project’s expected long-term economic and energy impact. Officials stressed that the expansion is essential for strengthening Bulgaria’s energy independence and reducing reliance on imported fuels.
Executive Director Petyo Ivanov said the investment carries broad macroeconomic significance beyond the energy sector. “Bulgaria needs the construction of Units 7 and 8 to ensure energy independence and support economic development,” he stated, adding that the project will influence the economy even during the construction phase.
According to Ivanov, the building period alone is expected to last around a decade, during which it could contribute approximately 1 percent annually to GDP growth. Over the full operational cycle of roughly 60 years, he estimated that the two reactors would generate about 55 billion euros in added economic value, alongside an average long-term GDP contribution of around 0.8 percent per year.
