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Romania's Nuclearelectrica in 251 mln lei (51 mln euro) power sale deal with Slovenia's GEN-I

Romania's Nuclearelectrica in 251 mln lei (51 mln euro) power sale deal with Slovenia's GEN-I Author: Nuclearelectrica Licence: All Rights Reserved.

BUCHAREST (Romania), September 14 (SeeNews) - Nuclearelectrica [BSE:SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said on Tuesday it signed a 250.9 million lei ($60 million/50.7 million euro) power sale deal with Slovenian energy group GEN-I.

Nuclearelectrica will deliver electricity to GEN-I between January 1 and December 31, 2022, it said in a filing with the Bucharest Stock Exchange, BVB.

In December 2020, the two companies concluded a 242 million lei power sale contract for 2021.

Nuclearelectrica's shares traded 1.36% higher at 29.8 lei by 1503 CET on Tuesday on the BVB.

The Cernavoda NPP has two reactors of 700 megawatts each, which meet roughly a fifth of Romania's electricity needs.

EN-I is a 50/50 joint venture company of Slovenian state-owned energy group GEN Energija and its affiliate investment firm GEN-EL Nalozbe.

(1 euro = 4.9475 Romanian lei)

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