Romania hopes to reach a number of concrete agreements on major energy projects with Chinese companies, including the 1.4GW expansion of the Cernavoda nuclear plant, the 1GW Tarnita pumped hydropower plant project and the development/upgrade of several thermal power plants, Adevarul daily comments.
China’s PM Li Keqiang will attend the China-Central and Eastern European Countries Summit that takes place in Romania’s capital Bucharest on November 26-29.
All these energy projects have been tackled in the past, including during the visit paid by Romanian PM Victor Ponta in China earlier this year. Energy minister Constantin Nita also visited China earlier in 2013 and outlined a list of seven major projects where Chinese companies are invited to invest.
PM Ponta has said that Chinese investors such as China Nuclear Electric [most likely China General Nuclear Power Group, formerly China Guangdong Nuclear Power Group] would be interested to take the major role in the development of the third and fourth reactors of Romania's sole nuclear plant located at Cernavoda, Hotnews announced in June.
Romania seeks investors to support the completion of the two nuclear reactors – partly developed already. State-controlled company Nuclearelectrica, which operates the nuclear plant, cannot finance the project alone. Completing the two new reactors would cost some EUR 4bn and the company can support only 40% of the project.
Royal Dutch Shell is again interested in oil and gas exploration in Bosnia & Herzegovina ... more
Romanian natural gas transport company Transgaz will soon open an office in Chisinau to speed up the construction of Ungheni-Chisinau pipeline that will bring Romanian gas to Moldova’s main ... more
Russia's largest oil producer state-controlled Rosneft has acquired 30% in the largest natural gas field in the Mediterranean from Italian Eni, the company announced on October 9. Rosneft that ... more