Romania to sign nuclear power deal Nov 20-GDF Suez

Friday, Nov 21, 2008

Romania is due to sign a deal with selected foreign bidders to build two more reactors at its nuclear power plant in Cernavoda on Nov. 20, one of the investors, GDF Suez ), said on Tuesday. Earlier this year, the Balkan country decided to retain a 51 percent stake in the planned reactors and leave the remaining 49 percent for the six bidders it chose last year as partners.

The partners are Belgian Electrabel, owned by French power giant GDF Suez, German power giant RWE Czech utility CEZ , Italy's Enel (ENEI.MI: Quote, Profile, Research, Stock Buzz), Spain's Iberdrola and a Romanian unit of steel giant ArcelorMittal""We will sign the first stage of an investor agreement on the 20th (of November),"" Paul Rorive, group senior vice-president nuclear activities at GDF Suez, told Reuters on the sidelines of a nuclear conference in Sofia.the idea is to have a first step, a so-called baby project company in order to finalise the development of the project.""

Asked whether all six selected bidders will take part, Rorive said: ""Everybody is welcome. We will see in two days who will sign.

Source: Reuters