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©THE HEREN REPORTS - Potential investors vie to construct Romanian Cernavoda units 3 and 4
2010-04-06
Twelve potential investors have expressed interest in building the third and fourth units of Romania’s Cernavoda nuclear power plant and binding bids are expected by 25th October, the Romanian Finance and Economy Ministry said on Monday (6th August). The companies include the US’ AES Corp, ALRO-Romania, a Luxemburg-Turkish consortium of Unit Investment and Dogan Enerji, Italian Enel, German E.on and RWE, Belgian Electrabel, the Canadian-Italian consortium of AECL and Ansaldo, South Korean KHNP, Romanian Electrica, Canadian Gabriel Resources, and Spanish Iberdrola, Teodor Chirica, the c.e.o. of the plant’s operator, state-owned Nuclearelectrica told Heren Energy. Czech power utility CEZ is also interested in the project, according to its spokesman. “We are definitely considering it,” he said. The project is expected to cost more than EUR 2,4 billion, according to Chirica, 30% of which should be covered through investors’ equity. Nuclearelectrica plans to attract a consortium of minority investors, each of whom, including the Romanian company itself, will hold less than 50% of the project, he said. Investors will be entitled to a percentage of future electricity output produced by the two units proportional to their stake, according to Chirica. Units 3 and 4 are scheduled for completion in 2012 and 2013. Cernavoda’s first unit has been up and running since 1996 and the plant’s second unit is slated to go on-line in September. Together the two units will account for as much as 18% of the country’s electricity generation, according to Nuclearelectrica. Last year unit 1 generated of 5,632 GWh of electricity, the company said. Unit 2 is a result of a management project contract signed in 2003 with Canadian AECL and Italian Ansaldo. (THE HEREN REPORTS - EDEM 11151 / 6 August 2007)

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