Transelectrica teams up with General Electric

National electricity carrier Transelectrica and US’ General Electric Power Systems on Tuesday signed a memorandum of understanding over rehabilitating the 400 Kv Cernavoda station, a project worth about $15 million, the Economy and Trade Ministry says. “The memorandum signed actually targets expanding and modernising the already existing station in Cernavoda. We hope to have the feasibility study endorsed in November and be able to begin talks for signing the contract in January or February. As soon as the loan agreement for funding the works is signed, the actual execution of the project can begin as of next spring,” Jean Constantinescu, Transelectrica’s general manager told Ziarul Financiar. He added this station would be brought online before the introduction of the Unit 2 of the Cernavoda nuclear power plant in the national energy system in 2006. ZF