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GE, Nuclearelectrica Sign Services Agreement

Posted on January 20, 2010

GE and Nuclearelectrica, Romania’s state-owned nuclear utility, have signed a services and maintenance agreement for the Cernavoda Nuclear Power Plant (NPP), valued at up to US$146 million. According to the Romanian Energy Regulatory Authority (ANRE), Cernavoda NPP supplies 20% of Romania's energy.

The new eight-year agreement covers full maintenance and repair services for the GE steam turbine-generators and auxiliary equipment at Cernavoda Units 1 and 2, which produce more than 1400 MW of power for Romania’s electricity grid. Unit 1 has been in operation since 1996, while Unit 2 was commissioned in 2007. Nuclearelectrica’s long-range plans call for four nuclear units at the Cernavoda site.

GE’s agreement replaces and expands upon a previous four-year contract with Nuclearelectrica for Unit 1 that recently expired. Established in 1998, Nuclearelectrica’s primary mission is the production of nuclear power and nuclear fuel, and the continuing development of the Cernavoda Nuclear Power Plant. The company reports to Romania’s Ministry of Economy and Trade.

For more information: www.ge.com

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