The initial deadline expired today.
Nuclearelectrica controls 84.65% in EnergoNuclear, a joint venture set up to build the two new reactors in Cernavoda. ArcelorMittal Romania and Italy’s Enel own 9.15% and 6.2% in the joint venture, respectively.
The state plans to cut its stake in EnergoNuclear to 40% and plans to attract new investors, after four of its initial six partners withdrew their funds, citing economic and market uncertainties.
Companies from Japan, China, Korea and the US have expressed interest in the project, which is valued at around EUR4 billion and is slated for completion in 2019.
Cernavoda currently operates two reactors of 700 megawatts power each and covers around 20% of Romania’s electricity production. The two new reactors are expected to double the plant’s capacity.