GE lands Romanian nuclear plant maintenance contract worth $146 million

Bucharest, Romania, January 20, 2010 — GE and Nuclearelectrica, Romania’s state-owned nuclear utility, signed a services and maintenance agreement for the Cernavoda Nuclear Power Plant, valued at up to $146 million.

According to the Romanian Energy Regulatory Authority (ANRE), Cernavoda NPP generates 20 percent of Romania’s energy.

This agreement supports Nuclearelectrica’s goals to produce reliable, safe and efficient energy, a key part of Romania’s national strategy for social and economic development.

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 generate more than 1,400 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.


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