BCR grants EUR 122 million loan for Unit 2 of Cernavoda NPP

18. Juli 2006, 00:00

The Romanian Commercial Bank (BCR), owned by Austrian Erste Bank, has granted a loan of EUR 122 million for the...

The Romanian Commercial Bank (BCR), owned by Austrian Erste Bank, has granted a loan of EUR 122 million for the financing of construction works in Unit 2 of the Cernavoda Nuclear Power Plant.

“The credit maturity is eight years, with a three-year period of grace. As of next week we will already be able to withdraw the first amounts,” Teodor Chirica, executive manager of Nuclearelectrica, the company which administers the nuclear power plant, told Mediafax.

 The second unit is scheduled to start operations in the first quarter of 2007. The Cernavoda nuclear power plant was designed for five reactors, but only the first one is operational at the moment.

The companies interested in the construction of the next units are: AES Corporation USA, Alro Slatina, a consortium made up of TESS Conex-ASAM-Iasi, a consortium made up of Ansaldo Italy – AECL Canada, a consortium including Unit Investments Luxembourg – Dogan Enerji Yatirimlari/Dogus Holding Turkey, Electrabel Belgium, Electrica Bucharest, ENEL Italy, E.ON Energie Germany, Gabriel Resources Canada, Iberdrola Spain, KHNP South Korea and RWE Power Germany.
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