Romania: Gov expects deal with China NP Corp for Cernavoda NPP until end of 2015, SEE Energy News
Romania might conclude an investment agreement by the end of the year with the Chinese company China General Nuclear Power Corporation for the development of units 3 and 4 of Cernavoda nuclear power plant, said Energy Minister Andrei Gerea.
In October last year, the project is estimated at 6.45 billion EUR. However, as announced, a feasibility study will have to restart the review.
“It is well known that it is not easy to negotiate with Chinese companies”, said the minister Gerea.
Romania has a share of 81.3 percent in Nuclearelectrica and investment fund Fondul Proprietatea (FP) has a 9.7 percent stake, while the remaining 9 percent is held by private investors on the Bucharest Stock Exchange.
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