Romania’s Nuclearelectrica to transfer EUR 160 mln for new nuke reactors
<p>The management of state-controlled nuclear company Nuclearelectrica (BVB: SNN) summoned its shareholders to get permission for a large-sized loan (RON 814 million, EUR 160 million) to its subsidiary EnergoNuclear – which is developing the 3rd and 4th reactors of Romania’s sole nuclear plant.</p>

<p>The completion of the two new units at Cernavodă is expected for the beginning of the next decade.&nbsp;</p>

<p>The total costs of the project are estimated at more than USD 7 billion, according to an estimate carried out last summer.</p>

<p>The project is seen as a more predictable development compared to the small modular reactors (SMR) project developed in parallel with the US NuScale.&nbsp;</p>

<p>In a previous attempt, Nuclearelectrica’s management in April failed to get the state’s permission for a large-sized loan to its joint venture formed with a private partner for the development of the SMR project, as the government said that “a more calibrated and integrated vision” on the project is needed.</p>

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

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