Sofia: Hyundai Engineering and Construction Co. announced that it has signed a nuclear power plant design contract with Bulgaria's state-owned nuclear power plant builder, Kozloduy NPP-New Builds PLC. The contract was finalized on Monday in Sofia.According to Yonhap News Agency, the agreement involves designing two 2,200-megawatt reactors at the Kozloduy nuclear complex, situated approximately 200 kilometers north of Bulgaria's capital. This project is valued at around 20 trillion won (US$14.6 billion). Hyundai E and C was selected as the preferred bidder in February and is anticipated to sign an engineering, procurement, and construction contract for the reactors in the latter half of the next year. The project will be undertaken in collaboration with Westinghouse Electric Corp. from the United States.The Kozloduy plant, Bulgaria's first nuclear facility established in 1969, currently operates only Units 5 and 6-Russian-developed pressurized water reactors-after Units 1 through 4 were shut down due to ag ing issues. The plant contributes to a third of Bulgaria's electricity supply.A contract signing ceremony took place in Sofia, attended by Hyundai E and C CEO Yoon Young-joon, Bulgarian Prime Minister Dimitar Glavchev, and Energy Minister Vladimir Malinov. During the ceremony, CEO Yoon expressed enthusiasm for the collaboration, highlighting Hyundai's technical expertise in the global nuclear market. He also conveyed confidence in the project's successful completion with local partners' support.
- October 12, 2026
