The transfer to Nuclearelectrica of the concession license of the exploitation activity in the perimeter of Tulghes – Grinties, together with all related rights and obligations, was made free of charge, per the report.
“In the immediate post-transfer period, SNN will perform a complex analysis of the optimal ways to use the license, respectively the resources, in order to identify and implement the most advantageous method of capitalizing on this license”, according to Nuclearelectrica representatives.
On March 30, 2020, Nuclearelectrica shareholders approved the initiation of procedures required for transferring the concession license of the exploitation activity in the perimeter of Tulghes-Grinties, granted by the National Agency for Mineral Resources to the National Uranium Company.
In March 2021, Nuclearelectrica signed an agreement to acquire assets within the uranium concentrate processing line at the Feldioara Branch of the National Uranium Company. The strategic decision to acquire part of Feldioara’s assets necessary for the processing of the raw material aims to ensure integrated production capabilities at the level of Nuclearelectrica and, to an equal extent, to ensure the production of fuel bundles and the optimal operation of its nuclear fuel factory in Pitesti and nuclear power plant in Cernavoda.
“The takeover of the concession license of the Tulghes-Grinties perimeter, corroborated with the takeover of some assets of CNU Feldioara branch, considers, according to SNN shareholders’ decisions, the consolidation of the integrated nuclear fuel cycle and the creation of premises for the development of the internal supply chain for the competitive advantage of Romaniei and SNN”, Nuclearelectrica representatives also said in the report.