“Nulcearelectrica intends to sell some of the shares it owns to potential investors. Potential investors include utilities companies, large consumers of electricity, energy traders, investment funds, financial institutions, and, in general, any company that meets the criteria included in the selection procedure,” Nuclearelectrica said in the auction announcement.
Companies interested in joining the project can file binding bids by December 15.
The investment will be unfolded by EnergoNuclear, which is now 84.65% owned by Nuclearelectrica. Other shareholders include Enel Investmnent Holding, with 9.15% and ArcelorMittal Galati, with 6.2%.
Enel and ArcelorMittal Galati have the possibility to double their stakes in EnergoNuclear, to 18.3% and 12.4% respectively.
Investment in the two reactors was estimated at EUR4 billion in 2008, but it will be reanalyzed.
Nuclearelectrica, the operator of Romania’s sole nuclear power plant, is seeking partners for this EUR4 billion project after energy groups CEZ, RWE, Iberdrola and GDF SUEZ walked out early this year.
Units 3 and 4 will have installed powers of 720 MW each, and they will double the nuclear plant’s capacity.