The contract amounts to USD $119.98 million and will run for eight years, Nuclearelectrica said in a statement. A similar contract had been signed in 2010.
The contract value exceeds 10% of the company’s net turnover, based on the 2018 financial statements, therefore, in compliance with article 234, letter i) of ASF Regulation no. 5/2018, Nuclearelectrica has the obligation to report such contracts.
General Electric has been a supplier of services and equipment for Cernavoda for a long time. The two companies had signed their first contract in 1981.