CEO of Nuclearelectrica, the company which operates Romanian sole nuclear power plant Cernavoda, Daniela Lulache said that the Government’s approval of the support letter for the project of the construction of additional two reactors at NPP Cernavoda at the beginning of 2016, certifies the fact that this project is still a priority for Romania and that it can only be implemented with the support of the state.
Lulache explained that the negotiation procedure with the Chinese partner is ongoing and the representatives of both the company and the state are involved in a negotiation commission. The support letter issued by the Government says that Romania is aware that this project can develop only with the involvement and the support of the Romanian state. The letter also describes a number of support mechanisms that the Government will analyze and grant for the development of the project. These include the implementation of the contract for the difference mechanism and a series of fiscal facilities and state guarantees for the project’s financing. However, part of these support mechanism could be considered as state aid, so they must be approved by the European Commission.
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Tags: Cernavoda, CGN, electricity, NPP, nuclear, Nuclearelectrica, Romania