European Commission gives green light for Romania's nuke project in Cernavoda

The European Commission has recently given the green light for the construction of two additional reactors at Romania’s sole nuclear power plant in Cernavoda. Romania, through state-owned nuclear energy company Nuclearelectrica, controls 51 percent in EnergoNuclear, a joint venture set up to build two new reactors at the country's sole nuclear power plant in Cernavoda. Italy's Enel, German RWE and Belgian-French group GDF Suez each own 9.15 percent in EnergoNuclear, while ArcelorMittal Romania and Spanish Iberdrola control 6.2 percent of its shares each. Czech utility CEZ, which owns another 9.15 percent stake in the joint venture, said recently that it plans to withdraw from EnergoNuclear's shareholder structure. Cernavoda currently operates two reactors of 700 megawatts power each and covers around 18 percent of Romania's electricity production. The third and fourth reactors, with similar capabilities, are set to become operational in 2017. Mediafax