Nuclearelectrica, the operator of Romania's sole nuclear power plant, said it plans to engage energy solutions company Canadian Nuclear Partners to provide various services linked to the refurbishing of Unit 1 of the Cernavoda nuclear power plant in a deal worth up to CAD 358.9 million ($265.9 million/244.8 million euro).
Canadian Nuclear Partners will provide project management services, technical assistance, consultancy and staff training for the planned refurbishing of Unit 1, according to a Wednesday filing with the Bucharest Stock Exchange (BVB). Canadian Nuclear Partners is the Romanian subsidiary of Canada's Laurentis Energy Partners, itself a wholly-owned subsidiary of Ontario Power Generation.
Nuclearelectrica updated its April 25 shareholders' meeting agenda to include contract approval, following a request from its majority shareholder, Romania's ministry of energy, according to the filing.
In 2022, Nuclearelectrica’s shareholders approved a 1.85 billion euro project for the overhaul of Cernavoda’s Unit 1.
In February, Italian power engineering company Ansaldo Energia said that its unit Ansaldo Nucleare has agreed to overhaul Unit 1 and help develop two more units at Romania’s NPP, backed by up to 2 billion euro in financing from Italian state investment agency SACE.
Cernavoda, Romania's sole nuclear power plant, generates roughly a fifth of the country's electricity output.
In 2023, Nuclearelectrica booked a preliminary net profit of 2.482 billion lei, down from 2.764 billion lei ($542.5 million/499.4 million euro) in 2022, it said in an unaudited financial report issued in February. Revenue increased to 7.461 billion lei last year from 6.367 billion lei in the previous year.
The Romanian state, through the ministry of energy, owns an 82.5% stake in Nuclearelectrica, while the remainder is in free float on the Bucharest Stock Exchange.
Blue-chip Nuclearelectrica's shares traded 0.41% lower at 48.3 lei as at 1254 CET on Thursday on the Bucharest bourse.
(1 CAD=0.6819 euro)
(1 euro=4.9708 lei)
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Kaynak:https://seenews.com/news/romania-eyes-245-mln-euro-deal-for-npp-unit-overhaul-services-853830