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Nuclearelectrica and its private partner respond to Romanian government’s criticism of SMR project
['Romania Insider']
Romania Insider
It remains unclear, however, why then only Nuclearelectrica has provided USD 243 million financing to a project where its equal partners contributed only EUR 1 million capital each.
In a response to the government’s report, as cited by Digi24, Nova Power & Gas argued that the value of the land sold to the project company reflects the improvement works estimated at EUR 40 million.
The company stated that the project company RPN still has the contractual option to opt out of the acquisition of the site.
It also claimed that, after the transaction was completed, the purchased assets were valued at at least EUR 63.5 million.
On July 15, the Ordinary General Meeting of Shareholders of Nuclearelectrica decided to continue the initial Development Strategy of the SMR project, approved in September 2022.iulian@romania-insider.com(Photo source: Nuclearelectrica.ro)