Romania’s ministry of energy and the management of state-controlled nuclear energy company Nuclearelectrica rejected on November 4 concerns previously expressed by Nuclearelectrica minority shareholder Fondul Proprietatea (FP) about the planned €7.2bn expansion of the Cernavoda nuclear power plant. Romania wants to develop two additional 700MW reactors at the Cernavoda nuclear plant under a long-term contract for difference (CfD) arrangement. Plans to build the third and fourth reactors at the country’s sole nuclear power plant were relaunched recently by Nuclearelectrica and the government, after the project languished for years and potential investors pulled out. The government has lined up China General Nuclear Power Corporation (CGN) as its partner for the project. It hopes to reach an agreement similar to the Hinkley Point C deal in the UK. Nuclearelectrica’s CEO Daniela Lulache said in October that she expects the agreement with CGN to be ready by December 20.
Intellinews 7th Nov 2016 read more »