Canadian guarantees for Cernavoda

The Ottawa government will secure the $210m works to be done by Canadian suppliers at Unit 2 of Cernavoda Nuclear plant, according to the Canadian Department of Foreign Affairs and International Trade. Export Development Canada, a financial institution supporting the international projects of Canadian investors and exporters, has pledged to guarantee part of the financing needed for the delivery of the second CANDU reactor by Atomic Energy of Canada Limited (AECL). Works on Unit 2 of the Cernavoda nuclear plant are scheduled to end in 2006, with the first energy deliveries to consumers set for 2007. ZF