Romania / Nuclearelectrica Confirms Plans To Cancel Cernavodă Deal With China

Document suggests company will look at other options for nuclear 
 Nuclearelectrica Confirms Plans To Cancel Cernavodă Deal With China
The Cernavodă nuclear station, where there are plans to build two mre nuclear reactors. Photo courtesy Nuclearelectrica.
Romanian state-controlled nuclear energy producer Nuclearelectrica will begin talks to terminate an agreement signed with China General Nuclear Power Corporation (CGN) for the construction of Units 3 and 4 of the Cernavodă nuclear power station.

The company’s management has formally asked for the shareholders’ approval to take further steps in this direction, according to a filing with the Bucharest Stock Exchange.

In the filing Nuclearelectrica said it had received a request from its majority shareholder, the Ministry of Economy, Energy and Business Environment, for the amendment of the agendas of an ordinary meeting of shareholders on 12 June and an and extraordinary general meeting of shareholders on 15 June.

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