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Romania Should Cut Stake In Upcoming Nuke Reactors – Econ Min

Romania should reduce its 51% stake in EnergoNuclear, the company that will build two reactors at the Cernavoda nuclear power plant, to improve competitiveness of its power generation sector, Economy Minister Adriean Videanu said Thursday.
Romania Should Cut Stake In Upcoming Nuke Reactors - Econ Min
29 apr. 2010, 11:17, English

The other shareholders of EnergoNuclear are Italy’s Enel, Electrabel (a member of French group GDF SUEZ), Czech CEZ and RWE Power Romania, with 9.15% of shares each, as well as Spain’s Iberdrola and ArcelorMittal Romania, with 6.2% of shares each.

„My personal opinion is that the state should reduce its stake in the two reactors, to boost competitiveness in the energy production segment,” Videanu told a seminar organized by business daily Ziarul Financiar.

EnergoNuclear should build two reactors at Romania’s sole nuclear plant in Cernavoda, which already has two operational reactors that provide together around 18% of the country’s power consumption. The other two nukes at Cernavoda are scheduled to become operational by 2015-2016.