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20 November 2008 - Romania signed a nuclear power deal to build two more reactors at its plant in Cernavoda, on the river Danube, by around 2015, on investment of around €4bn ($5.05bn), officials said.
Romania originally estimated its new 720 MW reactors would go on stream in 2013/14 and earlier this year it decided to retain a 51 per cent stake in the planned plant and leave the remaining 49 percent for the six bidders it chose as partners.
"The project is estimated to take around 77 months to complete," Finance and Economy Minister Varujan Vosganian said after the signing ceremony. "This is a very great step to increase Romania's energy security."
The partners are French power giant GDF Suez, German power giant RWE, Czech utility CEZ, Italy's Enel with 9.15 per cent each and Spain's Iberdrola and a local unit of steel giant ArcelorMittal with 6.2 per cent respectively.
On behalf of the state, state-controlled Nuclearelectrica, would take part in the project with 51 per cent.
Works at the Cernavoda plant began 30 years ago. The plant's first unit went on stream in 1996 and the second in 2007. The two new units, are planned at 706 MW each.
Also on Thursday, Romania signed with CEZ a deal to build a conventional 400 MW power generation unit for state-owned Termoelectrica at a power plant in Galati, on the river Danube.
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