Nuclearelectrica has approved, in the Extraordinary General Meeting of Shareholders held yesterday, the Investors’ Preliminary agreement on Units 3 and 4 at Cernavoda NPP.

The agreement is to be concluded between China General Nuclear Power Corporation and CGN Central and Eastern Europe Investment (RO) CO.S.A., respectfully Nuclearelectrica.

The agreement provides for the establishment of a project company (JVCo) limited to being the only technical and operational platform for the further development of the Project after the approval and conclusion of the Investor Agreement.

The new project company (JVCo) will have a social capital of 90,000 lei at its inception, with a capital increase reaching the maximum equivalent of EUR 4,080,000, with 51% CGN shareholding holdings and 49% SNN, subject to the approval and conclusion of the Investor Agreement, respectively the final transaction document as set out in the Revised Strategy, shows a release of SNN sent to BVB.