Romania agrees with Chinese companies over energy, infrastructure and animal export projects

Romania and China have signed a series of memorandums of understanding for energy projects, as well as animal exports. The agreements came amid the Chinese Prime Minister's current visit to Romania to attend the China – Central and Eastern Europe Cooperation Summit, which is being held in Bucharest.(in picture, Romanian PM Victor Ponta - left and Chinese PM Li Keqiang- right) Among the projects of interest for Chinese investors are plans to add two more reactors to the Cernavoda nuclear plant, the Tarniţa-Lăpuşteşti hydropower plant, and live animal exports from Romania to China. The state company Nuclearelectrica, which runs the Cernavoda power plant, has signed a memorandum of understanding with China General Nuclear Power Corporation to build the two new nuclear reactors. Meanwhile, the thermal energy producer Complexul Energetic Oltenia signed an agreement with China Huadian Corporation for a new investment at Rovinari, while Complexul Energetic Hunedoara signed a similar agreement with China National Electric Engineering to revamp parts of a power plant at Mintia. A letter of comfort was also signed with Chinese company Sinohydro for the Tarniţa-Lăpuşteşti hydro power plant. Another signed agreement was between Chinese wind turbines producer Mingyang Wind Power Group and Romanian Păunescu Corporation, owned by Romanian media owner and cinema producer Bobby Păunescu. The green light has been given to live cattle exports for reproduction purposes from Romania to China, as well as for the export of frozen pork meat. Romanian cattle producers already pledged to export 14,000 cattle to China in the first year. Investments in infrastructure, namely in a railway line for high speed trains were among the topics discussed during the Romanian – Chinese talks held on Monday, November 25. editor@romania-insider.com