Private investors abandon Romanian nuclear power project

[kristopher]

Remember the nuclear revival?
I wonder how the steady stream of events like this can be squared with the claim by many in the nuclear industry that virtually all of the economic problems associated with nuclear have their roots in "greenie" antinuclear activism?

Added on December 23, 2013 12:26 pm
Last two private investors in Romania’s planned nuclear power plant expansion leave project
by Romania Insider

The last two private companies still involved in the expansion of the Cernavoda nuclear power plant have left the project company.

Enel and ArcelorMittal withdrew from the project company Energonuclear, which should build the third and fourth reactors at Cernavoda. Romania’s state owned Nuclearelectrica will become sole shareholder in the project.

The two companies join other foreign investors who decided to withdraw from the project back in 2010, CEZ, GDF SUEZ, Iberdrola and RWE. Enel had a 9.15 percent package, while ArcelorMittal Galaţi, 6.2 percent. Enel explained its decision by highlighting a potential new majority shareholder in the project company, while Arcelor Mittal cited the challenges of the business environment.

Once notified of their intention, the Romanian state has to buy their shares ...

http://www.romania-insider.com/last-two-private-investors-in-romanias-planned-nuclear-power-plant-expansion-leave-project/112124/

[Iterate]

1. Romania never disappoints -always a good story.

They've been shopping for bids and buyers for that thing since 2007?? at least. It's such an interesting story that I've been collecting links and background. While the big guys maneuver around Cernavoda and plan for 2022, on the opposite side of the country are the small, light, fast wind cooperatives and investment groups have the same production level in mind, but more than a few years sooner.

Lil' ol' Romania could be quite a supplier for the region. Now I have to go look at grid links.