The memorandum with Chinese investors China General Nuclear for the construction of the two units may be signed in November, the minister said.
“We have reached a deal and the memorandum will be signed. This is a major investment,” said Gerea.
China General Nuclear and the Romanian government are currently in talks to develop the EUR6.4 billion investment in the nuclear power plant. The memorandum will be discussed by power plant operator Nuclearelectrica (SNN.RO) shareholders in October.
The plant in Cernavoda, southeast Romania, is the country’s sole nuclear power facility and currently operates two 700-megawatt reactors, which cover around 20% of the country’s energy consumption.