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Minister Gerea: The memo for the reactors 3 and 4 in Cernavoda, finalised in a few weeks

The Romanian authorities and the Chinese investor selected for the building of reactors 3 and 4 at the nuclear power station in Cernavoda will finalise in two-three weeks the memorandum which supports the contract, stated in an interview for Mediafax the minister of energy, Andrei Gerea.

Seven years ago, Nuclearelectrica had six foreign investors interested in the construction of the reactors 3 and 4 in the nuclear power station in Cernavoda. At present, only one company China General Nuclear Power Corporation is discussing with the minister for the development of this investment, but the negotiations are quite slow. Minister Gerea considers that the memorandum which is at the basis of the future contract for the development of the project could be signed in a few weeks, as there is only one point to discuss.

The nuclear power station in Cernavoda is also connected to the development of the new exploitation of uranium in the Carpatii Orientali which should insure the necessary fuel for the functioning of the two reactors. The project for the exploitation of the uranium ore in Tulghes in Carpatii Orientali which the authorities have in mind, Gerea considers that it is ‘ under analysis’ and ‘ a decision will be taken’ as soon as possible. Two years ago, the authorities had made a draft decision to start this investment, but as no financial sources had been found, the draft decision was not approved in the government.

As regards the conflict between the state and the Board of Electrica SA which has been underway for a long time, minister Gerea says that he supports the idea of the increase of the salary of the board members, but he asks them to get performance criteria. The representatives of the state in the AGA rejected the management plan proposed by the Board of the energy supplier Electrica, and the plan was rejected in AGA on Wednesday, the shareholders did not agree with the bonuses system and payment for the administrators.

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