Nuke Problems in Romania
Dec. 9th, 2008 04:13 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
webfarmerMore nuclear financial fun. This time in Eastern Europe.
Nuclear Power: Curse or Opportunity? - BalkanInsight.com - 08 Dec 08
"Romania is experiencing similar cost-related problems with its nuclear plant. The two 700 MW nuclear units were initially estimated, in 2006, at 2.3 billion euros, but more recent official estimates put the price at 4 billion euros. If costs of raw materials and equipment continue to grow at the same rate, it is unlikely this figure will be the final one.
'By the end of December we have to reach an agreement with the investors,' says Teodor Chirica, general director at Nuclearelectrica, the state-owned company that will own 51 per cent of the project, the same percentage as the state in Bulgaria. The difference is that the rest of the shares will be split among six international investors."
Nuclear Power: Curse or Opportunity? - BalkanInsight.com - 08 Dec 08
"Romania is experiencing similar cost-related problems with its nuclear plant. The two 700 MW nuclear units were initially estimated, in 2006, at 2.3 billion euros, but more recent official estimates put the price at 4 billion euros. If costs of raw materials and equipment continue to grow at the same rate, it is unlikely this figure will be the final one.
'By the end of December we have to reach an agreement with the investors,' says Teodor Chirica, general director at Nuclearelectrica, the state-owned company that will own 51 per cent of the project, the same percentage as the state in Bulgaria. The difference is that the rest of the shares will be split among six international investors."
