RSS
Romania postpones making decision on state shareholding in EnergoNuclear
Romania postponed until the end of the year making the decision on maintaining the majority shareholding in the joint venture that will build nuclear reactors 3 and 4 of the nuclear-power plant at Cernavoda (south-eastern Romania) or on reducing this share level, Romanian Minister of Economy Ion Ariton told Bloomberg media.
Owner of 51 percent of the joint venture that will build and operate the reactors, the Romanian State should have made a final decision by September 24, the deadline established with four energy companies and a steel producer, the Romanian Minister explained. He added the partners agreed to postponing the decision.
The companies Enel SpA, Italy, Iberdrola, Spain, Electrabel SA, Belgium, RWE AG, Germany, and the steel producer ArcelorMittal two years ago created EnergoNuclear, which together with Nuclearelectrica (the operator of the nuclear-power plant at Cernavoda) will build and operate nuclear reactors 3 and 4 of the Cernavoda nuclear-power plant at an approximate cost of four billion euros (5.4 billion dollars).
On September 22, the Czech company CEZ announced they had signed an agreement, which allows them to sell the 9.1 percent shares in the joint venture that will build nuclear reactors 3 and 4 at the Cernavoda nuclear-power plant.
The company said that the decision corresponds to the intention of CEZ to concentrate on the local market investments and on consolidating the existing foreign assets. According to Agerpres, the nuclear-power plant at Cernavoda operates at present with two reactors that cover 18 percent of the national electricity consumption.