Janvier 2011 / PennEnergy

CEZ sells its stake in Cernavoda nuclear power plant in Romania

By Dorothy Davis

Czech power producer CEZ has sold its 9.15 percent stake in EnergoNuclear, completing its withdrawal from the joint venture to build and operate two additional reactors at the Cernavoda nuclear power plant in Romania.

In September 2010, CEZ signed an amendment to the joint venture contract that would allow it to sell its stake in the EnergoNuclear project as part of a strategy to consolidate foreign assets and focus on domestic investments.

CEZ’s 9.15 percent stake was (…)

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