Romania seeks Chinese financing for major energy projects

By bne IntelliNews July 1, 2013

Romanian PM Victor Ponta is paying a visit to China in an attempt to set in motion the major energy projects envisaged by Chinese companies in Romania, Ziarul Financiar reported.

Among the projects are the expansion of the Cernavoda nuclear plant, the pumped storage hydropower plant Tarnita-Lapustetsi and the undersea power connector with Turkey.

Energy minister Constantin Nita also visited China earlier this year and outlined a list of seven major projects where Chinese companies are invited to invest. As many other European countries, Romania runs a massive trade deficit with China – of some USD 2bn [1.2% of GDP] last year.

The country, however, hosts no major Chinese investments as most of the foreign companies with Chinese owners are in the trade sector.

Ponta will meet Chinese President Xi Jinping and PM Li Keqiang – both appointed at their seats last year and thus expecting to rule the country for the next decade. Jinping also paid a visit to Romania back in 2009, when he was a vice-president.

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

UK's Quercus to invest €500mn in Iranian solar plant

British renewable energy investor Quercus is to invest more than €500mn in a solar plant project in the first half of 2018, Iran Student News Agency reported on September 18, citing Reuters. The ... more

Controversial Czech company threatens Kyrgyzstan with arbitration for loss of hydro contracts

Czech company Liglass Trading has threatened Kyrgyzstan with international arbitration for the annulling of contracts to build and run 12 hydroelectric power plants, Reuters ... more

CEZ’s attempts to sell Bulgarian assets reportedly suspended

The sale procedure initiated by CEZ for its assets in Bulgaria has been suspended, Bulgaria’s Energy Minister Temenujka Petkova said ... more

Most Read

  1. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    8 days ago
  2. Volkswagen doubles exports of Russia-made cars
    6 days ago
  3. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    1 day ago
  4. KYIV BLOG: Ukraine headed for a constitutional crisis
    8 days ago
  5. Romania’s media sector in turmoil
    9 days ago
  1. Hungary threatens to block Romania’s OECD accession
    15 days ago
  2. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    8 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    19 days ago
  4. Wild capitalism threatens the untamed rivers of Southeast Europe
    1 month ago
  5. Russia’s government moves from war budget to election budget
    27 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss