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Schoenherr Advises Nuclearelectrica on Selection of Strategic Investor

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Schoenherr is advising Romania’s state-owned nuclear power company, Nuclearelectrica, in the process of selecting the strategic investor for developing units 3 and 4 at the Cernavoda nuclear site in Romania.

The project is part of the strategy of the Romanian government to transit to a low carbon economy. The two new units at Cernavoda are envisaged to produce 1400 MW of electricity, around 20% of Romania's current demand. 

The Cernavoda power plant was designed by Atomic Energy of Canada Limited in the 1980s, and was contracted during the Communist era. The initial plan was to build five units, but at the moment only Units 1 and 2 are operational. 


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