Bigger budget for Nuclearelectrica

Nuclearelectrica, the operator of the Cernavoda power station, will receive 96.5 million RON, accounting for 90.6% of the funds allocated to the Ministry of Economy and Commerce (MEC) as a result of the budget adjustment, approved on Wednesday by the Government. The nuclear plant in Cernavoda was designed to have five reactors, with an installed power of some 700 MW each, which covers over 10% of the national electrical power consumption. Works for the second reactor are underway, with commercial exploitation due to start in March 2007. Total funds to be granted to the MEC after adjustment will stand at 106.5 million RON. The Autonomous Regie for Nuclear Activities will also receive four million RON after the adjustment, and Compania Nationala a Huilei (National Mineral Coal Company) from Petrosani will get 2 million RON, reads a release by the ministry. ZF