RWE CEO: Wants Decision On Romanian Nuclear Plant In 2011
22 Abril 2010 - 9:24AM
Dow Jones News
German utility RWE AG's (RWE.XE) chief executive said Thursday
he expects a decision in 2011 on whether a nuclear power plant will
be built in Cernavoda, southeastern Romania.
"We expect a final investment decision next year," Juergen
Grossmann told shareholders at RWE's annual general meeting in
Essen.
The Cernavoda nuclear reactor project is led by Romanian
state-controlled Nuclearelectrica, which controls 51% of a joint
venture. Its partners include ArcelorMittal (MT), Czech utility CEZ
AS (BAACEZ.PR), Electrabel of Belgium, Enel SpA (ENEL.MI) of Italy,
Iberdrola SA (IBE.MC) of Spain and RWE.
RWE owns around 9% in the project, which is estimated to cost
about EUR4 billion.
Company Web site: www.rwe.com
-By Jan Hromadko, Dow Jones Newswires; +49 69 29 725 503;
jan.hromadko@dowjones.com