The Nuclearelectrica National Company has signed a RON 3.611 M contract with the National Uranium Company (CNU) for services regarding the processing of non-complaint nuclear material containing natural uranium, Nuclearelectrica informs in a report sent to the Bucharest Stock Exchange on Tuesday.
The CNU required collateral is RON 180.572 and will be constituted within 10 days of the signing of the subsequent agreement.
The payment is to be made ‘within 30 days of the receipt of invoice issued after the provision of the service and dispatch of the sintered UO2 powder, accompanied by the acknowledgement of the reception of service’, the report notes.
On 29 June 2015, Nuclearelectrica owed CNU over RON 10.858 M.
Nuclearelectrica’s core business is the production of electricity, heat and nuclear fuel.
Nuclearelectrica has two branches that are not incorporated as legal entities – CNE Cernavoda, running Units 1 and 2 of CNE Cernavoda, as well as the auxiliary services, and FCN Pitesti, where nuclear fuel is produced.
The electricity Units 1 and 2 of CNE Cernavoda produce every year accounts for almost 20% of the total quantity of electricity produced in Romania, on a yearly average.