about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Nuclearelectrica starts the selection of investors for nuclear reactors 3 and 4

The state company started the selection process for finding the investors for its nuclear reactors 3 and 4, a project worth 6.5 billion Euro.

2014-08-27 13:14:52

Recently, Canadian Candu Energy, part of SNC-Lavalinsign an agreement with China Nuclear Power Engineering Company (CNPEC) for the construction of reactors 3 and 4 at Cernavoda, operated by Nucleaelectrica.

Signed in Vancouver, the agreement was witnessed by senior representatives of China′s National Energy Administration and Natural Resources Canada, according to official release of Candu energy company.

Romania already has two operating CANDU 6 nuclear reactors, which came into service in 1996 and 2007. Combined, they are the largest power producer in the country, accounting for about 20 per cent of Romanian energy supply. This agreement follows a letter of intent signed by CNPEC parent company China General Nuclear Power Group (CGN) and Romanian utility Societatea Nationala Nuclearelectrica (SNN) in November 2013 for investment in and development of two additional nuclear units at the Cernavoda site.

"Candu Energy looks forward to working with CNPEC to meet Romanian growing nuclear energy requirements. This is an exciting opportunity to build on CANDU technology′s international track record for the highest levels of safety, reliability and efficiency," said Preston Swafford, Candu Energy President and CEO. "Today agreement deepens our strong ties with both the Romanian and Chinese nuclear industries, as Candu reactors have operated in both countries for more than a decade."

Candu nuclear technology has an established presence in China, with two 700 megawatt Candu reactors at Qinshan Phase III, located southwest of Shanghai. Completed in 2003, the Qinshan units are among the best performing nuclear units in China with lifetime capacity factors of over 91 per cent.

"This project stands to make a meaningful contribution to Canada′s economy and support highly-skilled jobs here at home. It demonstrates the tremendous export value of Canadian nuclear expertise," added Swafford.

Candu Energy Inc. is a leading full-service nuclear technology company providing nuclear power reactors and nuclear products and services to customers worldwide. Candu Energy′s 1,200 highly skilled employees design and deliver state-of-the-art CANDU® reactors, carry out life extension projects, and offer operations, maintenance and plant life management services for existing nuclear power stations.

Candu reactors use natural uranium fuel, heavy-water moderator and heavy-water coolant in a pressure tube design. They can be refuelled on power and have one of the highest lifetime capacity factors among the world reactors. Candu reactors are ideal for small and medium electric grids; the newest designs are equipped with a number of safety enhancements to meet the latest Canadian and international standards, including post-Fukushima enhancements.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  2630 Views
Daily Info
The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting with...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total...

OTP Bank Romania posts 15 million Euro profit at the end of Q3 2018

OTP Bank Romania recorded a consolidated after-tax profit of 15.09 million Euro, in the first nine months of the year, almost twice as much as in the base period.

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmi...

Almost 90 per cent of industrial and logistics stock is condensed in cities with highway access, says C&W Echinox

Romania's industrial and logistics market is currently benefitting from its best period in history, both in terms of supply and demand, with development being condensed in a n...

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

More on News
ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

Corina Popescu is the new CEO of Electrica

The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catali...

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. To...

MOL Group posts 835 million USD profit for the first nine months of 2018

MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the...

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Tran...