Cernavoda 2 financing

30 April 1998

The AECL/Ansaldo consortium that built Chernavoda 1 have agreed in principle with the national power utility, RENEL, for the completion of the second block. The government, which has set this as a national priority, has chosen a consortium led by Credit Suisse First Boston to act as consultants in the effort to raise the necessary capital to complete unit 2. The credit line for Cernavoda 2 is due to run out at the end of March.

Other options to continue financing the project are being explored by RENEL, AECL and Ansaldo.

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