Westinghouse Electric said it is close to signing a $5 billion deal to build a nuclear reactor in Bulgaria.
Toshiba withdrew as an investor in the power plant in June and was replaced in the talks by subsidiary Westinghouse Electric. Westinghouse plans to build its 1,100-MW AP1000 reactor and have it running by 2025, according to AFP. The deal comes as many European nations look to cut their reliance on Russia for their energy needs as the crisis in Ukraine continues and the nuclear industry has stalled in Japan, the article said.
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