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Nuclearelectrica and China General Nuclear Power Corporation signed extension to intent letter regarding reactors 3, 4

State-owned energy producer Nuclearelectrica SA and Chinese company China General Nuclear Power Corporation on Friday signed an additional act through which the validity period of the intent letter signed in November 2013 is extend until December 31, 2014, according to a press release by Nuclearelectrica.

2014-04-29 12:32:31

The letter of intent signed by the two parties set down the framework for cooperation in regards to the project development, the press release also shows.

"The extension of the validity period for the Letter of Intent confirms China General Nuclear Power Corporation interest in the Project for Units 3 and 4 of CNE Cernavoda, but also the technical and economic feasibility of the project," said Daniela Lulache, General Director of Nuclearelectrica.
The two companies signed the letter of intent in November 2013, on the occasion of the Chinese Premier Li Keqiang visit to Bucharest.

According to the feasibility study done by Ernst & Young, the total investment costs amount to around EUR 6.45 billion. The two reactors will have a total installed capacity of 1,400 MW.



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