Romania: First phase of the Unit 1 Cernavoda refurbishment, approved

The initiation of phase I of the Strategy for the Unit 1 Cernavoda NPP Refurbishment Project was approved, Nuclearelectrica (SNN) informs on Friday.

The refurbishment project of Cernavoda NPP Unit 1 was reintroduced on the agenda of the Extraordinary General Meeting at the request of the Ministry of Energy, the majority shareholder, an announcement sent to Bucharest Stock Exchange (BVB) reads.

The initial strategy for the refurbishment of Cernavoda NPP Unit 1 was approved by Nuclearelectrica Shareholders on end-2013.

As per the stages of the initial strategy, during 2013-2017, SNN contracted and completed a series of documentations regarding technical evaluations of the equipment status and nuclear safety assessments.

In parallel with the implementation of the refurbishment strategy approved by the shareholders, SNN analyzed the studies completed and the projects implemented in the nuclear industry over the last years in order to identify possibilities for the optimization of the production and for the accumulation of additional funds with the strict observation of the same nuclear safety standards.

Phase I of the Strategy will also include organizational activities related to the project, at the beginning of 2018 when organizational and logistical modifications resulted from the study will be implemented and also the process of completing the support documentation necessary for preparing the Feasibility Study (the last activity of Phase I), including its drafting and approval by the shareholders, in 2021.


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