China’s Huawei to invest nearly 200 million euros in Romania by 2014

China’s Huawei company will invest nearly 200 million euros in Romania by 2014, with its main investment projects to be a Huawei European Design Centre at Pipera and a nationwide fibre optic network, jointly with Romania’s Transelectrica, according to data with the Romanian Ministry of Commerce.

The opening of the Huawei European Design Centre in the Pipera area, near Bucharest City, is scheduled for February 2012.

The data were released at a roundtable conference on Saturday hosted by the Romanian Embassy in Beijing, where attending were Romania’s Minister of Economy, Trade and Business Milieu Ion Ariton and officials of Chinese companies interested in investing in Romania.

Ariton assured Huawei executives of the Romanian Government’s support for foreign investors in Romania.

He also discussed with officials of China Coal Equipment and Engineering the company’s interest in investing in peat coal mining in the Jiu Valley. Ariton introduced to the officials of the Chinese company a project for the reorganisation of the coal energy system of Romania in two corporations that deal with mining and energy generation and invited them to continue talks at expert levels to find cooperation solutions.

At a meeting with the management of the Sinohydro Corporation, Ariton introduced the latest developments in the project for the building of a hydropower pumping plant at Tarnita Lapustesti. The Chinese company reaffirmed its interest in the project and said it will make a decision after considering the technical details of the project.

Ariton also met officials of the China Huadian company to discuss the recent developments in a project for the construction of the Doicesti heat and electricity plant in Romania and the project for the building of a new energy group at Rovinari.

After the meetings, Ariton attended the signing of a memorandum of understanding between Romanian company Romcontrol and China’s Certification and Inspection Group. The document provides for better cooperation in the field of goods inspection between Romania and China.

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