It is reported that Nuclearelectrica, the Cernavoda nuclear plant operator, is launching an auction to attract investors interested in the EUR 4 billion project to build two new reactors at Cernavoda.

Currently, shareholders of the project company that will operate and build the two EnergoNuclear units are Nuclearelectrica, with 84.65%, Enel of Italy with 9.15% and ArcelorMittal Galati with 6.2%.

The state intends to reduce Nuclearelectrica’s participation to 40%. Nuclearelectrica's approach comes after four major investors withdrew from EnergoNuclear, namely CEZ (Czech Republic), RWE (Germany), Iberdrola (Spain) and GDF Suez (a French Belgian group).

(Sourced from www.thediplomat.ro)