CEZ pulls out Romanian Cernovoda Reactor Project. They'd rather build five Czech reactors.

[NNadir]

Czech state-owned power utility CEZ will sell its stake in the consortium established to construct, commission and operate two new reactors at the Cernavoda nuclear power plant in Romania, after signing an amendment to the joint venture contract.

The joint venture, called EnergoNuclear, is 51% owned by Romania's state-owned Nuclearelectrica SA, while CEZ, Belgium's Electrabel (part of GDF-Suez), Italy's Enel and Germany's RWE Power each hold a 9.15% stake. In addition, Spain's Iberdrola and global steel producer ArcelorMittal each hold a 6.2% stake in the project company.

In a statement, CEZ said, "The decision is in line with the announced plan of the CEZ Group to focus on investment in the Czech Republic and consolidate and develop its existing assets abroad..."

...The decision to withdraw from Romania comes as CEZ continues to prepare for its biggest ever nuclear tender, which will see the group tendering up to $35 billion for the construction of up to five new reactors in the Czech Republic, including two new reactors at the existing Temelin plant. CEZ currently operates two reactors at Temelin, as well as four reactors at the Dukovany plant.


Existing bidders for the Czech tender include France's Areva, US-based, Japanese-owned Westinghouse, and a Russian-Czech consortium called MIR 1200, which includes Skoda JS, AtomStroyExport and Gidropress.

http://www.world-nuclear-news.org/NN-CEZ_to_quit_Romanian_new_build_joint_venture-2209106.html">CEZ to quit Romanian new-build joint venture

Actually I am very fond of heavy water reactors and so I'm somewhat ambivalent about this case, although the Spanish, Italian, and Romanian investors will surely see the two reactors through.

(Nuclearelectrica is one of the best energy companies in Europe.)

[izquierdista]

1. Blackwater!!

:wtf: Now there's a name I wouldn't want on a nuke plant!