Nuclearelectrica should acquire CNU – Romania, 19 February 2018

According to the draft final report of the Parliamentary Investigation Commission on the activity of the National Regulatory Authority for Energy (ANRE), state-owned electricity producer Nuclearelectrica, the company that operates country’s sole nuclear power plant Cernavoda, should acquire state-owned National Uranium Company (CNU) and national legislation should be amended so that Romania acquires the status of “closed nuclear cycle” country.
The draft report said that it is necessary to analyze Nuclearelectrica’s takeover of CNU to ensure the independence of the electricity producer from purchasing the fuel. The “closed nuclear cycle” and the acquisition of long-term uranium in Romania was affected by the conclusion of the contract between Nuclearelectrica and Cameco Canada at the end of 2015. The dumping price imposed by Cameco contributed to the direct damage to the activity of the CNU and national energy security.

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