Nuclearelectrica calls its shareholders for approving the timetable for the realization of reactor 3 and 4 at Cernavodă

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Nuclearelectrica (SNN) called its shareholders on April 5, 2021 to approve the strategy for the continuation of the project of CNE Cernavodă units 3 and 4. The feasibility study concluded that the project is financially sustainable, and an agreement between the Romanian State and SNN, setting out the parties’ responsibilities for providing financing, was required to take the preliminary investment decision, adopt support mechanisms and ensure infrastructure conditions for the completion and operation of the project.

Preliminary work is expected to last between 18 and 24 months and actual construction between 69 and 78 months, with a scheduled commissioning horizon in 2030 for Unit 3 and 2031 for Unit 4.

The company considers that nuclear energy is a sustainable alternative to the development of the national energy sector, given the limited resources of energy raw materials, as well as the need to obtain electricity with no greenhouse gas emissions. The role of nuclear energy is becoming even more evident in meeting ambitious targets to reduce greenhouse gas emissions, while ensuring energy security and an affordable price for final consumers, as well as increasing the country’s energy independence.

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