CEZ takes a keen interest in reactors no. 3 and 4 in Cernavoda

CEZ Romania, the domestic branch of the Czech energy group CEZ, whose portfolio includes the electricity distributor Electrica Oltenia, has changed its strategy, announcing its interest in taking part in the building process of reactors no. 3 and 4 in the nuclear power plant in Cernavoda. The Czech’s decision comes after initially expressing a lack of interest in the project involving the two reactors due to the fact that the CEZ group does not include nuclear power production in its portfolio. “We want a minority stake, but we’ll wait and see what the project’s strategy is before submitting an offer,” stated Dorel Voicu, business development manager at CEZ Romania. Construction works for reactors no. 3 and 4 in Cernavoda could start in the first half of 2008, with estimated costs of 2.4 billion euros. The authorities intend to select investors that would contribute to the capital of the project company, together with the plant’s operator, Nuclearelectrica.