Nuclearelectrica, operator of Romania’s sole nuclear power plant in Cernavoda, didn’t give a reason for pulling out of the auction. However, market participants said brokers showed no interest to assist with the sale.
Nuclearelectrica runs two reactors of 700 megawatts power each in Cernavoda, covering around 18% of Romania’s electricity production.
The government plans to build two additional nuclear reactors with similar capabilities in Cernavoda.
Nuclearelectrica has a share capital of 2.53 billion lei (EUR570 million).The Economy Ministry owns 90.27% in Nuclearelectrica, while investment fund Fondul Proprietatea (FP.RO) holds the remaining stake.