Romania-China negotiations on investments nearly completed


Talks with Chinese partners on Cernavoda reactors 3 and 4 to be finalized this year.

Talks with the Chinese partners regarding the planned investment in reactors 3 and 4 of the Cernavoda nuclear power plant will be finalised in the last part of this year, said Minister of Economy Constantin Nita after a meeting with a delegation headed by Chinese Minister of Energy Wu Xinxiong. The visiting delegation also included representatives of China’s National Energy Administration and of China General Nuclear Power Group (CGN).
‘This is the second meeting I had in the last ten days with Minister Wu Xinxiong. Negotiations are underway on large-scale projects, and as concerns the development of Cernavoda reactors 3 and 4, talks are in an advanced stage and I trust that in the last part of the year we will complete the process. The Minister’s visit together with the CGN representatives reconfirms the good relations of our countries and the constructive approach of the Chinese partners in the analysis of future investments. China made these days a landmark step that boosts cooperation on the UK market as regards investments, trade and business deals and Romania may have a similar status in Central and Eastern Europe,’ said Constantin Nita, cited in a Ministry release.
The main subjects on the agenda of talks were the major energy projects in the attention of Chinese investors: Cernavoda power plant reactors 3 and 4; the Rovinari power plant; the Tarnita-Lapustesti pumped-storage hydroelectric power station; the modernization of the Hunedoara Energy Complex.
The two high officials also met on June 11 in Beijing, on the occasion of the visit Minister Constantin Nita paid to the People’s Republic of China. At the same time, the two sides reiterated their commitment towards the implementation of the projects under negotiation, with today’s meeting representing an important step in strengthening relations between Romania and the People’s Republic of China. Minister Nita reaffirmed the support of the Romanian Government towards the development of large energy projects that will contribute directly to the development of the national economy by reviving industry and creating new jobs.
The completion of the investment in Cernavoda Units 3 and 4 represents the optimum solution for covering the power deficit after 2020 from all standpoints: technical & economic, the completion deadline, and the use of the internal resources and existing national infrastructure developed on the CANDU technology.
Deputy Prime Minister Liviu Dragnea has also spoke about the negotiations between Romania and China in the investment field on Thursday at the meeting of the Monitoring Committee of the 2007-2013 Regional Operational Programme in Tulcea. The meeting approved the 2013 annual programme implementation report, to be sent to the European Commission by end-June. Deputy PM pointed out that negotiations with China on the zoo-technical industry should be put into practice very soon, for the export of 25,000 tonnes of frozen pork carcass to China, which will generate ‘financial support for the development of livestock in Romania (…) and will create jobs in the meat processing industry.’ The negotiations between Romania and China also included the foundation of five industrial parks in Romania, Dragnea stated; he said that their location will be decided in a future cabinet meeting.
Romania, an important supplier of energy in the region
More than that, on Friday Liviu Dragnea met He Yu, China General Nuclear Power Holding Corporation President (CGNPC), setting out the actions that the two sides have taken them in the near future, a press release informs. “We undertook this visit to Romania specifically to discuss nuclear power. We had very good meetings with ministries in Romania. We will continue in the next period, talks with Romanian side. CGNPC will contribute to efforts to achieve nuclear power plant in Romania,” He Yu said. In his turn, Deputy PM Dragnea believes that Romanian energy independence is a goal of maximum national interest. “Romania has all the chances in the coming years to become an important supplier of energy in the region. There are all premises,” Deputy PM Liviu Dragnea said.