Cernavodă nuclear power plant Units 3 and 4 (1400MW)

10/11/2015
Project development

$ 6.45 billion

Announced

10/11/2015


Overview:

  • Cernavodă nuclear power plant Units 3 and 4 (1400MW).
  • China General Nuclear Power Corporation (CGN) and Romanian state owned energy company Nuclearelectrica have entered into a joint venture to develop Units 3 and 4 at the Cernavodă plant, with CGN owning 51% of the project.
  • The two new units will have a combined capacity of 1400MW and an operating life of 30 years.
  • A memorandum of understanding (MOU) was signed between the two companies in November 2015 but the project has been hit by delays since.
  • In May 2017 the Romanian energy minister stated that discussions were still proceeding.
  • The Cernavodă plant itself was constructed in the 1980s and provides around 20% of the country's energy needs.

Sam Duke - Editor

Jurisdiction:

Romania

Deal type:

Project development

Practice area:

Project development

Governing law:

Romania

Industry sector:

Energy


Firms:

Party: Nuclearelectrica (Grantor, Joint venture partner)


Party: Nuclearelectrica (Grantor, Joint venture partner)

Lawyer: Monica Cojocaru


Party: China General Nuclear Power Corporation (CGN) (Investor, Joint venture partner)