Ludovic Orban looks for another partners for the new nuclear reactors

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The Romanian prime minister suggested that the state will give up the partnership with a Chinese company, almost five years old, for the construction of reactors 3 and 4 from Cernavoda. “It is clear to me that it will not work with the Chinese (…) We will see with which partner (the reactors will be made). It is about partnering and financing,” said Prime Minister Ludovic Orban in an interview for HotNews.ro. Ludovic Orban said that all investments in the energy sector in Romania will now depend on the Green Deal.

China General Nuclear Power Corporation, the Chinese company involved in the project, was accused in 2016 by the US Government of nuclear espionage. Nuclearelectrica signed on November 9, 2015, with the representatives of China General Nuclear Power Corporation, the Memorandum of Understanding on the construction of Units 3 and 4 at Cernavoda.

According to the memorandum, the two parties would have had to set up a joint-venture project company, in which the Chinese company would have owned at least 51% and take over the value of Nuclearelectrica’s investment in its subsidiary EnergoNuclear (the former project firm).

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