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December 5, 2022
BUSINESS

CEZ, RWE, Iberdrola and GDF Suez could return in Cernavoda

Romania will be able to export gas starting 2013, the state secretary with the Ministry of Economy, Rodin Traicu announced.

The state plans inviting the companies CEZ, RWE, Iberdrola and GDF Suez to rejoin the construction project of reactors 3 and 4 of the Cernavoda Nuclear Power Plant, after they withdrew at the end of 2010 and in early 2011, the state secretary with the Ministry of Economy, Rodin Traicu announced, quoted by Mediafax. “Until the end of the year we will have the answer of these companies and the shape of the project,” the official said during an energy seminar. As they were not satisfied with the evolution of talks, CEZ (Czech Republic), RWE (Germany), Iberdrola (Spain) and GDF Suez (a French-Belgian group) stepped back, leaving the Ministry of Economy with a stake of 86 pc in the company that develops the project, through Nuclearelectrica. Presently, the other shareholders of the company founded in view of financing the construction of the two reactors are Enel (Italy) and ArcelorMittal Romania.The state secretary explained that the government is willing to bring back the four companies “in any form, with any percentages,” and is optimistic about convincing them to return, because Romania will be an energy exporter in the region.Enel and ArcelorMittal promised the government that they will stay in the project for at least a year, Traicu added. The project of constructing nuclear reactors 3 and 4 was initiated in 2007, and the effective works were expected to start in 2010. After the four companies withdrew, the project stagnated, as authorities were unable to find other partners.Traicu also announced that Romania will be able to export natural gas starting 2013, after technical restrictions are removed. “By the end of this year we will conclude all tests in view of gas export,” Traicu said Wednesday.Gas export is not possible now because of technical restrictions. Romania only has a gas pipeline with Hungary, which can be used only for import, now. Two other connections to Bulgaria and Moldova are under way. The construction of gas export pipelines was a condition discussed by Romania with the International Monetary Fund and the European Commission.The state-controlled gas producer Romgaz Medias will attract partners for the construction of new electricity generators at the Iernut power plant and will upgrade the existing units, the state secretary mentioned, without specifying the sum required for building new units. The Iernut power plant was operated by state-run company Termoelectrica, which transferred it to Romgaz in exchange of some debts, so the gas producer also became a producer of electricity.

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