Nuclearelectrica’s shareholders approved recently the expansion of the intermediary spent fuel storage facility, under a project worth EUR 166 million (RON 749 million) VAT included, the national company announced, agerpres.ro.
“The development of the investment project represents a licensing requirement set by the National Commission for the Control of Nuclear Activities (CNCAN) under the plant’s operation license. This requirement stipulates the obligation to ensure dry storage capacities for spent fuel, under safe conditions for the operating personnel, the population and environment,” Nuclearelectrica response reads to a query by the Energy Ministry that requested additional information on the subjects on the agenda of the July 18 Extraordinary General Meeting of the Shareholders.
Company’s Board of Directors proposed the shareholders two scenario variants for the project’s accomplishment. Depending on the technical parameters, the first variant would require an investment of EUR 166 million (RON 749 million) VAT included, the second would cost EUR 195 million (RON 881 million), VAT included.
Company representatives said the technical and economic analyzes show that the first scenario is technically and economically more advantageous and proposed the shareholders to approve it, stressing that the investment is expected to be carried out from own sources, phased over a period of 32 years until 2047.
The storage capacity is located about 700 meters away from Unit 1 of the Cernavoda nuclear power plant.