Nuclearelectrica, the state-owned
nuclear producer, has announced the start of a competitive selection procedure
for investors that are interested in building two nuclear reactors in
Cernavoda, in a project worth an estimated EUR 6.2 billion.
The
selection procedure was approved by shareholders of the energy company on
August 22.
“Under
the condition of fulfilling the qualification requirements, the investors will
be granted access to detailed information about the Project. Subsequently, the
investors will be invited to submit Letters of Intent (accompanied by
substantiating documentation), which will be evaluated in order to establish
the Selected Investor for the negotiations phase in view of setting up the
Project company,” said the company in a statement submitted to the Bucharest
Stock Exchange (BVB).
China
General Nuclear Power Group has signed a letter of intent with the government
for the construction of the reactors that was extended by the end of this year.
The Chinese energy company has inked this July an agreement with
Canada’s Candu Energy
, a supplier of energy equipment,
for the project.
The investors will have to develop the project in
a joint venture with Romania’s nuclear producer.
Nuclearlectrica currently operates two Candu 6
nuclear reactors in Cernavoda that cover around 20 percent of the country’s
electricity supply.
Shares in Nuclearelectrica were up 0.93 percent to
RON 7.6300 by Wednesday morning trading on the BVB.