Cernavoda nuclear units 3 and 4 project received EUaa‚¬a„¢s OK

Newsroom 07/12/2010 | 17:25

EnergoNuclear – the project company for the construction of nuclear units 3 and 4 in Cernavoda – received a favorable response from the European Commission regarding the project.

“The Cernavoda project entails a multibillion euro investment and will create a large number of jobs,” said Pompiliu Budulan, Nuclearelectrica GM.

Romania, through state-owned nuclear energy company Nuclearelectrica, controls 51 percent in EnergoNuclear. Italy’s Enel, German RWE and Belgian-French group GDF Suez each own 9.15 percent in EnergoNuclear, while ArcelorMittal Romania and Spanish Iberdrola control 6.2 percent of its shares each.

Czech utility CEZ, which owns another 9.15 percent stake in the joint venture, said recently that it plans to withdraw from EnergoNuclear’s shareholder structure.

Cernavoda currently operates two reactors of 700 MW each and covers around 18 percent of Romania’s electricity production. The third and fourth reactors, with similar capabilities, are set to become operational in 2017.