Financing agreement reached

1 January 2003

The Romanian government has signed an agreement with a consortium of banks that will finance the purchase of equipment for the completion of the Cernavoda 2 reactor. Under the agreement, Société Générale will provide E350 million. Also, the Romanian Development Bank will provide E25 million and Credit Lyonnais will provide r9 million. The 650MWe PHWR - to be designed by AECL and built by AECL and Ansaldo of Italy - could begin operating in 2007.

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