China's CGN files sole bid to build 2 nuclear reactors in Romania

Tue Sep 9, 2014 1:55pm GMT
 

BUCHAREST, Sept 9 (Reuters) - China Nuclear Power Corporation (CGN) has filed a non-binding bid to partner Romanian state-owned nuclear power producer Nuclearelectrica in building two nuclear reactors on the river Danube, the Romanian firm's manager said on Tuesday.

The Chinese firm was the only prospective investor to file an offer by a Sept. 8 deadline, Nuclearelectrica's manager Daniela Lulache told a news conference.

The firm has until Sept. 24 to file a binding bid and a price offer for a majority stake in the joint company that will build the two reactors, Lulache said, adding she hoped to sign a final contract by the end of the year.

The two reactors are estimated to cost 6 billion euros (7.73 billion US dollars). Construction should take up to 75 months. Nuclearelectrica already has two 706 megawatt reactors, accounting for roughly a fifth of Romania's power production. (1 US dollar = 0.7762 euro) (Reporting by Luiza Ilie)

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