T: Romanians reach Nuclear deal with the Chinese

T: Romanians reach Nuclear deal with the Chinese

Bucharest, October 5, 2015/Independent Balkan News Agency

By Irina Stoica

Construction works for two reactors at Cernavoda nuclear plant could start two years from now. The Romanian authorities and the Chinese investors have reached a satisfying agreement and could sign the deal in November, as announced today by the Romanian minister for Energy, Andrei Gerea. 

“This is an extremely important and significant investment, you don’t see that kind of investment too often nowadays. There are high standards and expectations on both sides as well as some impediments coming from European legislation. This year we finally managed to overcome all these”, Gerea said in a press conference in Bucharest.

Seven years ago, Romanian state-run company Nuclearelectrica had six potential investors interested in building reactors 3 and 4 of Cernavoda nuclear plant. At this moment, China General Nuclear Power Corporation is the only company that remained in the picture. The estimations for this investment reach 6.4 billion euros.

The general board of Nuclearelectrica must approve this month the deal with the Chinese company.

At the moment, Cernavoda nuclear plant has two functional reactors that ensure about 20% of the country’s annual electrical power.