Friday, the two companies signed the letter of intent, the Romanian producer said in a statement.
The Chinese company, the only investor that filed a bid in the selection process started in August, will be the majority shareholder in the project company, while Romania will keep at least a 30% interest.
The Cernavoda plant, the sole nuclear power facility in Romania, currently operates two 700-megawatt reactors, covering around 20% of the country’s energy consumption. The two new reactors are expected to double the plant’s capacity.
China General Nuclear Power Corporation was established in 1994 and is the largest Chinese nuclear power producer, operating 11 reactors with an installed capacity of 11,620 MW.