The contract will run for four years and it will be financed from the company’s revenue.

The auction participation guarantee is RON364,000. Only bidders with an average turnover of at least RON15,151,000 in the past three years are allowed to take part in the auction.

Nuclearelectrica operates two 700-megawatt reactors at its nuclear power plant in Cernavoda, covering around 20% of Romania’s energy consumption.

Nucleareletrica is majority owned by the state, through the Economy Ministry. (EUR1=RON4.3779)