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Romania Might Attract Up To EUR15B Investments In Energy Sector By 2012

Romania might attract investments worth EUR12-15 billion between 2009-2012 in the energy sector, Romania’s Economy and Finance Minister Varujan Vosganian said Tuesday at a press conference.
Romania Might Attract Up To EUR15B Investments In Energy Sector By 2012
16 sept. 2008, 14:46, English

Vosganian said the total investment at power station Cernavoda’s nuclear reactors 3 and 4 stands at least EUR3 billion.

"The talks with the six investors selected to build nuclear reactors 3 and 4 are encouraging, meaning that we have resumed the negotiations with these companies," Vosganian said.

The Romanian authorities have selected last year six companies to form a joint venture with Nuclearelectrica to build Cernavoda’s nuclear reactors 3 and 4.

The six companies interested in building the two reactors are: Italy’s Enel SpA (ENEL.MI); Belgium’s Electrabel; Spain’s Iberdola SA (IBDRY); Czech Cez AS (BAACEZ.PR); ArcelorMittal’s Romanian unit (MS) and Germany’s RWE AG (RWE.XE).

The construction of nuclear reactors 3 and 4 is scheduled to start next year and is estimated to be completed between 2014-2015.

The power plant in Cernavoda currently has two reactors, which supply around 18% of the national electricity demand.