AMEC NNC Acquires Romanian Nuclear Company

AMEC NNC, the subsidiary company of AMEC Nuclear Holdings Ltd, has acquired 50.2 per cent of the Romanian nuclear company Stevenson & Associates SRL (S&A – Ro).

The acquisition of the majority shareholding in the company, which has 10 employees and was established in Bucharest in 1993, further strengthens AMEC NNC's position within the Romanian nuclear industry.

"This will allow the introduction of new skills into the market which will be increasingly focused on the use of local technical expertise and capability to deliver a high quality service to the Romanian nuclear industry," said Peter Higton, Managing Director of AMEC NNC. "With accession to the EU in 2007, and its growth plans for an independent national nuclear sector as part of its forward energy strategy, Romania is an exciting prospect for the future."

The company provides project management services and specialist civil and mechanical engineering expertise primarily for the Cernavoda Unit 1 and Unit 2 CANDU – 6 type nuclear power stations in the south east of Romania and in addition to providing the full range of services to the Romanian nuclear industry, they have completed projects for Slovakia, Hungary, China, the Netherlands, Belgium and the USA.

S&A - Ro has also recently won contracts to support the new Pebble-Bed modular design reactor currently under design in South Africa and for a seismic safety assessment for the Goesgen nuclear power station in Switzerland.

"The backing from AMEC NNC will allow us to expand the services we currently provide for our clients, while retaining our excellent reputation for technical quality and project delivery," said Dr Ovidiu Coman, Managing Director of S&A – Ro.

The Romanian government is continuing its policy of supporting nuclear industry as part of the sustainable development of the country.

Five identical 700MWe CANDU-6 units, designed by Atomic Energy of Canada (AECL) were originally planned at the Cernavoda site during the 1980s but work was slow.

In 1991 the programme was reviewed and, following recommendations from the International Atomic Energy Agency (IAEA), the project for Unit 1 was completed with commercial operation starting on December 1996. Commissioning of Unit 2 is well underway, with full operation currently scheduled for 2007. Technical and financial feasibility studies for the completion of Units 3 and 4 are now underway.

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Posted 30/01/06

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