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Monday, December 06, 2004

7 bids selected for Cernavoda unit 3

The Economy and Trade Ministry (MEC) last week announced it has shortlisted 7 companies interested in building in public-private partnership Unit 3 of the Cernavoda-based nuclear power plant.

The Ministry had received 12 letters of intent.
The shortlisted companies are LNM Holdings, Enal and Ansaldo (Italy), Atomic Energy of Canada Limited (AECL), Hidro Nuclear & Power (South Korea), Tender Group (Romania) and AEFM, MEC head Dan Ioan Popescu said.

Among the five rejected bidders, were General Electric (U.S.) and Hitachi-Itochu (Japan).

D.I. Popescu added that Unit 3 in Cernavoda needs funds of 748 million euros, and works are scheduled to begin in 2006 and end in 2012.

According to the MEC head, the total investments made in the last years to modernize the Romanian power system topped 3-4 billion euros and estimated some 10 billion euros of funds are needed to be invested by 2012.

Posted by Iulia Rasoiu : 12/06/2004 10:23:00 am