Romania’s state nuclear company Nuclearelectrica needs €3.0bn-3.5bn to develop the third nuclear reactor of the Cernavoda nuclear power plant using its own resources and bank loans, but it needs state guarantees to make the project bankable, said Theodor Chirica, a member of the company’s board and it former CEO, speaking at an energy conference. With a partner, the company can develop two reactors he said — implying that the partner will probably not be the Chinese company that has been in talks on a joint venture until recently. In 2015, Nuclearelectrica signed a memorandum of understanding with China General Nuclear Power Corporation (CGN) on the construction of two new reactors, 3 and 4, at the Cernavoda nuclear power plant. However, Prime Minister Ludovic Orban announced in January that the government will exit the deal with its Chinese partner. He invoked the European Union’s Green Deal rather than security issues or cost concerns circulated previously as the main reason behind a potential end of the deal with CGN to expand Romania’s only nuclear power plant.
BNE Intellinews 18th Feb 2020 read more »