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GDF Suez, RWE, Iberdrola Drop Out Of Cernavoda Project

GDF Suez, RWE, Iberdrola Drop Out Of Cernavoda Project
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Πεμ, 20 Ιανουαρίου 2011 - 18:08
French power operator GDF Suez SA (GSZ.FR), Germany's RWE AG (RWE.XE) and Spain's Iberdrola SA (IBE.MC) Thursday said they have decided to drop out of the Cernavoda nuclear project in Romania, citing economic and market uncertainties.
French power operator GDF Suez SA (GSZ.FR), Germany 's RWE AG (RWE.XE) and Spain 's Iberdrola SA (IBE.MC) Thursday said they have decided to drop out of the Cernavoda nuclear project in Romania , citing economic and market uncertainties.

Since 2008, GDF Suez, RWE and Iberdrola have been partners with Romania 's SN Nuclearelectrica for the development of units 3 and 4 of the Cernavoda power plant.

"Economic and market uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project," the companies said in a joint statement.

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