Romania: Interest in Cernavoda Reactors 3 and 4 Construction, to be Expressed by June 23
 

12:37 - 29 May 2006 - The companies that want to take part in the construction of Unit 3 and 4 of the nuclear power plant in Cernavoda can submit the letters of interest by June 23, and the minimum contribution to the project company’s capital is EUR 50 M in cash, announced at the end of last week the plant’s operator, Nuclearelectrica, Nine O'Clock reports.
 

The company’s announcement also reads that the winning offers will be announced by June 30.
 
The Ministry of Economy and Commerce (MEC) proposed the Government to build the reactors 3 and 4 of the Cernavoda plant simultaneously, which needs costs of EUR 2.2 bln.
 
The project company will provide an initial capital worth approx EUR 660 M, standing for 30 per cent of the total estimated costs, while the difference of 70 per cent will come from loans without government guarantees.
 
The project manager for Units 3 and 4, Ion Rotaru says the companies interested are power producers Enel of Italy, RWE and E.ON from Germany, the Czech company CEZ, Electrica, but also large consumers such as Marco Group, Mittal Steel, Tenaris Grup.
 
Source: Nine o'Clock


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