Romania to decide on nuclear investment
Romania is expected to decide on its stake in the new 2 x 720MW units at the Cernavoda nuclear plant in September, economy minister Adriean Videanu told the local press on Thursday (19th August). The government is considering lowering its participation in the project from the current 51% held by Nuclearelectrica, the state-owned operator of the existing 2 x 700MW reactors, to a minority stake as originally envisaged. Last year, Energo Nuclear, the consortium set to run the new reactors, said that if the state slashed its holding, the remaining shareholders would be able to proportionately increase their stakes. It was highly unlikely that new parties would be able to snap up shares the government no longer wanted, the source added (see EDEM 8 September 2009). Besides Nuclearelectrica, Energo Nuclear s minority stakeholders are CEZ, Enel, GDF SUEZ and RWE Power, each holding a 9.15% stake, and Iberdrola and steel manufacturer ArcelorMittal both with 6.2%. (THE ICIS HEREN REPORTS - EDEM 14.160 / 19 August 2010)

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