Romanian PM Ponta says Chinese company interested in building nuclear reactors

By bne IntelliNews July 4, 2013

Romanian PM Victor Ponta, who is on a visit to China, said that Chinese investors identified 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.

Romania seeks investors to support the completion of the two nuclear reactors – partly developed already. The state-controlled company Nuclearelectrica that operates the nuclear plant cannot finance alone the project. Completing the two new reactors would cost some EUR 4bn and the company can support only 40% of the project.

Currently, Nuclearelectrica holds 84.65% in the project company after CEZ, GDF Suez, Iberdrola and RWE pulled out from the project in 2010-2011. Only Enel and ArcelorMittal remained Nuclearelectrica’s partners in the project company.

However, the Chinese investors insist on using different technology than the Cando technology used by Romania in the other two reactors. Guangdong Nuclear Power actually reached an advanced stage of negotiations, the daily reads – but some details on the technology used prevented a final agreement.

 

Related Articles

Montenegro to speed up re-nationalisation of power firm EPCG

Montenegro’s government has decided to speed up the acquisition of Italian A2A's stake in the power firm EPCG, paying €68.9mn for a ... more

Croatia reportedly receives just one bid to lease capacity at planned LNG terminal

LNG Hrvatska has reportedly received just one binding offer to lease capacity at the planned planned liquefied natural gas (LNG) terminal on the Croatian island of Krk, unnamed sources ... more

Finland gives final nod to construction of Nord Stream II

Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more

Dismiss