Korean investment fund DSPE gets permit to become equal partner in Romania’s SMR nuke project
<p>DSPE Beta Private Equity Fund of South Korea, managed by DS Private Equity and a minority shareholder of NuScale, has a preliminary national security clearance from the Romanian state to take over 33.33% of the shares of RoPower Nuclear, the project company established by Romanian company Nuclearelectrica for the development of the small nuclear reactor (SMR) project, according to <a href="https://www.profit.ro/povesti-cu-profit/energie/un-actionar-al-nuscale-are-ok-de-securitate-nationala-sa-preia-o-treime-din-compania-romaneasca-de-proiect-pentru-mini-reactoarele-de-la-doicesti-21700036?mc_cid=6135aebe24&amp;mc_eid=607bd7d763" rel="noopener" target="_blank">Profit</a>.</p>

<p>The project company already hired NuScale to draft the feasibility study for the planned 462 MW nuclear power plant in Doicești.</p>

<p>The project company RoPower Nuclear is currently 50:50 owned by Nuclearelectrica (BVB: SNN), the operator of the Cernavodă nuclear plant, and privately owned Nova Power&amp;Gas from the E-INFRA group of Cluj entrepreneurs Teofil Mureșan, Simion Muresan and Marian Pantazescu.</p>

<p>The financing of the project has been provided by Nuclearelectrica alone, though, and a third partner might help the company share the financial burden.</p>

<p>In July last year, it was officially announced that DSPE signed with SNN and Nova Power&amp;Gas a preliminary agreement based on which it was going to invest EUR 75 million in RoPower Nuclear, to finance the feasibility study (FEED stage 2 – Front-End Engineering Design ) for the SMR nuclear power plant from Doicești.</p>

<p>The contract for the feasibility study, already signed, is worth some EUR 150 million (subject to revision).</p>

<p><em>(Photo: Nuclearelectrica.ro)</em></p>

<p><em>iulian@romania-insider.com</em></p>