EFT called Hidroelectrica to the Court of Arbitration in Bern for 80 million euro worth damages
Swiss company EFT, part of the EFT British group, called Hidroelectrica to the Court of Arbitration in Bern, to recover…
Swiss company EFT, part of the EFT British group, called Hidroelectrica to the Court of Arbitration in Bern, to recover…
Minister for Energy, Razvan Nicolescu said Tuesday that he does not like exceptions, referring to the possibility raised by Finance…
Of course Europe cannot solve the world’s climate problem on its own. But it can deliver the stable framework conditions…
On the economic forefront, we are witnessing EU member states breaking away from economic stagnation and emerging stronger from the…
China Nuclear Power Corporation filed on September 23 a binding offer for the realization of reactors 3 and 4 at the Cernavoda plant. In the near future, a government commission is to investigate the offer and begin negotiations, the Romanian Vice Prime Minister Liviu Dragnea said. He highlighted that, following discussions with the Chinese Vice Prime Minister Zhang Gaoli, the construction of the two reactors will probably be begin next year. “In our time frame, by the end of the year the negotiations will be completed and the joint memorandum for this investments will have been signed. Starting from next year, we will probably begin to witness the completion of this project, one with a very high value – 720 MW per unit, ie a total of 1,440 MW, which would bring more than 1.5 billion euro worth orders for the Romanian industry, over 10,000 direct and indirect jobs, and significant additional revenues to local budgets and to the state budget”, Dragnea said. In early September, Nuclearelectrica’s management announced that China Nuclear Power Corporation has qualified in the process meant to select the investors for the construction of the new nuclear reactors at Cernavodă. The Chinese company was the only bidder. The Chinese company will be majority shareholder in the project company that will develop a total investment estimated at 6.5 billion euros. General China Nuclear Power Corporation was founded in 1994 and it is the largest Chinese producer of nuclear power, operating 11 nuclear reactors, with an installed capacity of 11,620 MW. In comparison, the total capacity of the Romanian energy production is about 20,000 MW.
Once again, the conference room of the Cesianu Racoviţă Palace became too small for the large number of energy experts…
The gas pipeline interconnecting Romania and Bulgaria, between the cities of Giurgiu and Ruse, is expected to be ready by…