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 by Staff Writers Bucharest (AFP) Sept 2, 2011
South Korea's BKB plans to invest in a project to build a third and fourth reactor at the Cernavoda nuclear power plant in southeast Romania, the economic ministry said on Friday. "BKB, leader of Korea Nuclear consortium, voiced its firm intention to buy a stake in EnergoNuclear, the joint company developing the third and fourth reactors at Cernavoda," the ministry said. Representatives of the Korean company will travel to Romania soon to discuss the technical details of the deal, it added. The government has been seeking private investors to finance the project after CEZ, of the Czech Republic, GDF Suez of France, RWE of Germany) and Spain's Iberdrola pulled out. Their withdrawal left Romania's Nuclearelectrica with an 84.65-percent stake in the consortium, while Italy's Enel holds 9.15 percent and ArcelorMittal's Romanian subsidiary 6.2 percent. On a visit to Beijing last month, Prime minister Emil Boc called on Chinese companies to invest in the project, estimated to cost 4.0 billion euros ($5.7 billion). Cernavoda is a Canadian-designed plant. Its current two reactors provide about 18 percent of the country's electricity. Related Links Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
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