The Romanian state could close by the end of the year an investment agreement with the Chinese company China General Nuclear Power Corporation for developing the Cernavoda Nuclear Power Plant Units 3 and 4 project, said Energy Minister Andrei Gerea.

Last October, the project was estimated at about EUR 6.45 billion. However, the feasibility study will be revised.

“It’s a known thing that it’s not easy to negotiate with Chinese companies,” said Gerea, cited by local Agerpres.

The Romanian state holds an 81.3% stake in Nuclearelectrica and investment fund Fondul Proprietatea (FP) has 9.7% of the shares, with the remaining 9% held by private investors on the Bucharest Stock Exchange.

editor@romania-insider.com