Nuclearelectrica and its private partner respond to Romanian government’s criticism of SMR project

Romanian state-controlled nuclear power group Nuclearelectrica (BVB: SNN), whose shares dropped by 2.4% on July 28 after a report published by the control body of the prime minister questioned the partnership with Nova Power & Gas (NPG) for the small modular reactors (SMR) project at Doicesti, in a note to investors, responded to the government’s report advocating in favour of its decisions.

In particular, Nuclearelectrica said that the project company RNP has not yet approved a payment of over EUR 20 million claimed by NPG for the improvements to the plot of land sold to RoPower Nuclear (RPN) for EUR 25 million. A forensic report was commissioned before the approval of the payment.