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It will be years before any new reactor generates power in Ohio.
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Finland is building a new reactor, as are Japan and other Asian countries.
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Last week the nuclear watchdog approved a new reactor.
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DTE however has said it has not made a final decision to build the new reactor.
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On Tuesday Prime Minister Boyko Borissov said the new reactor should be based on U.S. technology.
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The company is three stages into its five stage process - each involving a new reactor.
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Like Areva, Westinghouse claims that its new reactor would have withstood the Fukushima earthquake and tsunami.
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A new reactor and regenerator will be installed in the refinery's fluid catalytic cracking unit (FCC).
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TVO says Areva is treating the new reactor as an R&D project in which the Finns are guinea pigs.
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After Three Mile Island, the industry did not start building a new reactor in the United States for about 30 years.
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The royalty payments that the government will earn will come from future new reactor construction and life-extension projects at existing power plants.
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Each new reactor is expected to cost $6 billion to $8 billion, including financing costs.
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Using industry estimates of $4,000 per kilowatt, the new reactor would cost about $6.4 billion.
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So far, the Fukushima disaster has not altered the NRC's timeline to relicense older nuclear plants or to evaluate new reactor designs.
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The first new reactor could be is service in 2016 followed by the second one in 2017.
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A 1,000-megawatt new reactor would cost about $5 billion.
