Nuclearelectrica/CGN – Cernavoda Nuclear Power Plant Units III and IV 1440 MW – Romania - Project Profile
"Nuclearelectrica/CGN – Cernavoda Nuclear Power Plant Units III and IV 1440 MW – Romania - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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S.N. Nuclearelectrica SA (Nuclearelectrica) and China General Nuclear Power Corporation (CGN) are planning to undertake the construction of third and fourth units of Cernavoda nuclear power plant in Romania.
The project involves the construction of a 1,440MW nuclear power plant.
It includes the construction of a powerhouse and a substation, the installation of reactor coolant pumps and high-pressure and low-pressure re-heaters, steam generator blow-down tank, high-voltage cables, auxiliary transformer and fire protection circuit, and the laying of transmission lines.
Ernst & Young has been appointed as feasibility study consultant, Atomic Energy of Canada Ltd as consulting engineer and Tractebel Engineering as project manager.
In December 2010, the project received approval from the European Commission (EC).0n November 2013, S.N. Nuclearelectrica SA (Nuclearelectrica) signed a letter of intent (LoI) towards the investment and development of the nuclear power plant with China Nuclear Power General Corporation (CGN).
On July 24, 2014, Candu Energy Inc., a SNC-Lavalin company, signed a binding and exclusive cooperation agreement with China Nuclear Power Engineering Co. Ltd (CNPEC), subsidiary of CGN, for the nuclear process technology.
In August 2014, a public tender for the developer of the project was issued with a submission deadline as on September 8, 2014. CGN has submitted the sole non-binding bid for the contract and was declared as "qualified investor" in the project and asked to submit a binding bid for the work by September 24, 2014.
On October 17, 2014, Nuclearelectrica and CGN signed a LoI for the project implementation. According to the agreement CGN will hold 51% stake and Nuclearelectrica will hold the remaining stake in the project.
On December 8, 2014, Nuclearelectrica submitted the memorandum of understanding (MoU) at the Nuclearelectrica shareholders general meeting for approval. Following which, the letter of award will be issued.
In November 2015, Nuclearelectrica signed a memorandum of understanding (MOU) with CGN for the development, construction, operation and decommissioning of the project. Negotiations on the details of an investors’ agreement between the Romanian government and CGN have been underway since then.
Negotiations are still ongoing between Nuclearelectrica and CGN for the development.
The project involves the construction of a 1,440MW nuclear power plant in Cernavoda, Romania.
The US$7,700 million project includes the following:
1. Construction of a powerhouse
2. Construction of a substation
3. Installation of reactor coolant pumps
4. Installation of high-pressure re-heater
5. Installation of low-pressure re-heater
6. Installation of steam generator blow-down tank
7. Installation of high-voltage cables
8. Installation of auxiliary transformers
9. Installation of fire protection circuit
10. Laying of transmission linesReasons To Buy
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