Nuclearelectrica renews search for investors in new reactors

Wed Aug 27, 2014 8:43am GMT
 

BUCHAREST Aug 27 (Reuters) - Romania's state-controlled power producer Nuclearelectrica (SNN) is seeking new investors to help it to build two nuclear reactors at its Cernavoda power plant on the river Danube after the withdrawal of the project's original backers.

SNN has two 706 megawatt (MW) reactors, which began operating in 1996 and 2007 respectively and account for about a fifth of the Romania's power production, but said on Wednesday that it has invited expressions of interest from potential partners to invest in the expansion of Cernavoda.

The proposed new reactors are each expected to have an installed capacity of at least 720 MW.

SNN had initially planned to build the new reactors at an estimated cost of about 6 billion euros ($7.91 billion) in partnership with six European energy companies, which later withdrew.

Canada's Candu Energy said on Tuesday that it would help China Nuclear Power Engineering Company (CNPEC) to build the Romanian reactors if and when the Chinese business decides to invest there. (1 US dollar = 0.7587 euro)

(Reporting by Radu Marinas; Editing by David Goodman)

  • Africa
  • US
  • Europe
  • Asia
UK £ USD =1.2784
Euro USD =1.0836
Rand USD =0.0770