“Extending the validity of the letter of intent confirms the interest of China General Nuclear Power Corporation in the project regarding reactors 3 and 4 of the power plant in Cernavoda, as well as the technical and economic feasibility of the project,” Daniela Lulache, Nuclearelectrica general manager, said in a statement.
Last November, Nuclearelectrica and China General Nuclear Power Corporation signed the letter of intent for the contruction of two additional reactors at the nuclear power plant in Cernavoda. The letter of intent was set to expire on May 25.
Overall costs for the project are estimated at EUR6.4 billion.
Nuclearelectrica currently operates two 700-megawatt reactors in Cernavoda, covering around 20% of Romania’s energy consumption.
Nuclearelectrica is 81.27% owned by the Economy Ministry.