China and Romania to establish a nuclear joint venture

China and Romania to establish a nuclear joint venture

China General Nuclear Power Group Co., Ltd. (CGN) and Romanian National Nuclear Power Corporation signed “Initial Investor Agreement on the Establishment of a Joint Venture Company for Cernavoda Unit 3&4 “. The signing ceremony was held in Romanian Ministry of Energy. Bian Shuming, General Manager of CGN Central and Eastern Europe Investment (Romania) Co., Ltd., and Robert,State Secretary of Romanian Ministry of Energy and Chairman of Romanian National Nuclear Power Company, signed the agreement on behalf of both companies.

Romanian Prime Minister Victor Ponta said at the signing ceremony that the new nuclear power unit will play a key role in carbon reduction. The project will not only provide clean and safe energy but is also estimated to provide 19,000 jobs.

Romanian Energy Minister Anton said, “In the first two years, the joint venture will analyze and determine the project implementation path, laying a solid foundation for the follow-up construction of the two units.”

Note: Units 1 and 2 of Cernavoda nuclear power plant in southeastern Rome were commissioned in 1996 and 2007 respectively. In September 2010, CGN began to promote the market development of units 3 and 4. In November 2013, CGN and the Romanian National Nuclear Power Company signed a relevant letter of intent and signed a memorandum of understanding in November 2015.

NβN tip: Cooperation on large Projects is the highlight of Sino-Romanian economic and trade cooperation. The Chinese government will work together with the Romanian government to promote the Cernavoda nuclear power project as soon as possible, in order to give a good example of pragmatic cooperation between the two countries.

About Author

Elaine Li

Elaine Li (李益楠) is Marketing Manager for the Chinese Market. With ten years of experience in the nuclear power market, Elaine is experts for the certification of safety equipment (HAF 604 and 601) and marketing intelligence.

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