The Government will be represented by Prime Minister Emil Boc, Economy Minister Ion Ariton, Foreign Minister Teodor Baconschi and Transport Minister Anca Boagiu.
The Economy Ministry announced in May that it was looking for investors for a EUR700 million project to build two new production units at the Doicesti thermal power plant and national power company Termoelectrica had signed a memorandum to this end with China Huadian Engineering. The Chinese firm may take over several coal mines in the Muntenia Basin, in order to provide raw materials for energy production at Doicesti.
The schedule discussed with the investor says the feasibility study should be completed by the end of October, the mixed company’s shareholder structure – by end-November, the last authorizations – by the end of the year, the banks’ agreement – by the end of February 2012 and work should begin in March of next year.
According to sources in the energy sector, China Huadian has expressed interest in joining EnergoNuclear, the company currently running the EUR4 billion project to build two reactors at the Cernavoda nuclear power plant.
Ariton will also discuss this investment with the head of Nuclear Power Station Guandong.
The Government will talk to State Grid Corporation of China, one of the ten largest companies in the world, according to Forbes 2010, about the sale of 15% of power distributor Transelectrica on the stock exchange this fall. A memorandum of understanding was signed in May by Transelectrica and State Grid Corporation of China, said people close to the matter.
Chinese investors will be invited into a public-private partnership to construct the Sibiu-Pitesti highway, a project worth an estimated EUR3.2 billion, as well as the Bragadiru-Voluntari subway line and a bridge over the Danube, between Braila and Tulcea, said the sources.
The Romanian delegation also includes representatives of domestic businesses -Murfatlar, Vin Export Focsani, Crama Vanju Mare, Avi Compact, Getico Telecom, Vila Euro SRL, Rich Sport Romania, Lamar Organization, Uniqua Asigurari, Lacerta Winery, MacroLight, Devco Green, Oilfest Company, Ghildus Design System, Mobilis, Faur, Meximpex, Marsat, Mibatron, Royal Consulting, Rig Service, Tetas Rom, Comoti, Incas, Rominex Industrial, Das, Taparo, Teaha Management Consulting – as well as of the National Research and Development Institute for Cryogenics and Isotopic Technologies and the Academy of Economic Sciences.