Nuclearelectrica is acting to cover the cash-flow shortfall it will face during the shutdown of NPP Cernavoda’s unit 1 and sees renewables as a means to achieve this goal. The company will have to find new ways of electricity generation during the 2027-2030 period, but after that, the unit will probably provide the cheapest source of electricity in Romania.
Nuclearelectrica CEO Cosmin Ghita said that, from a cash flow perspective, the company has duties to its shareholders and needs to figure out creative ways to maintain cash flows during the 2027-2030 period, when half of its electricity generation capacity will be shut down. He added that Nuclearelectrica is looking for methods to bridge the cash gap while maintaining an interesting and challenging investment program. In this respect, the company sees renewables as a way to potentially plug-in part of that gap.
Last week, Nuclearelectrica signed a Letter of Intent with the Three Seas Initiative Investment Fund to explore the possibility of a joint venture in the renewable energy production sector in Romania.
