Romania Gets No Bids for Nuclear Reactors, Ziarul Financiar Says

Romania received no offers for stakes in a project to build two additional nuclear reactors at its Cernavoda power plant, Ziarul Financiar reported, citing unidentified Economy Ministry officials.

The ministry plans to find alternative funding for the project, the cost of which is estimated at 2 billion euros ($2.6 billion), the newspaper said. A ministry official told ZF that a letter from a China-based company expressing interest had contained no firm offer. Enel SpA (ENEL) and Arcelor Mittal have minority stakes in the project and the state has 85 percent, the newspaper added.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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