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EnergoNuclear seeks new investors to forestall project review

The Romanian state must find yet another investor for the construction of reactors 3 and 4 at Cernavoda, and, should none be forthcoming, the project must be reviewed, said Luca D’Agnese, CEO of Enel Romania, the company currently involved in the project for the expansion of the nuclear plant, along with ArcelorMittal and Nuclearelectrica

October 2011 - From the Print Edition

“The three of us alone cannot build these reactors. Enel has the option to double its stake and so does ArcelorMittal. If the state reaches 40 percent it will be necessary to attract a different investor. If such an investor cannot be found, the project for the construction of units 3 and 4 should be revised,” commented D’Agnese.
The Enel chief’s statement comes in the context in which the Ministry of the Economy recently announced that a South Korean company, BKB, leader of Korea Nuclear Consortium, had sent a letter of intention to the institution making known its willingness to buy shares in the project company.
Currently, state-owned company Nuclearelectrica controls an 85 percent stake in EnergoNuclear, with the remaining shares being split between Enel (Italy) and ArcelorMittal Romania.



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