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April 13, 2021
ECONOMY ENERGY FINANCE&BANKING

Interior Ministry’s budget beefed up by 62 million lei for State Reserves to purchase uranium octoxide

The 2015 budget of the Ministry of Internal Affairs will be beefed up by 62 million lei from the budgetary reserve fund available to the Government in order for the National Administration of the State Reserves and Special Problems to purchase uranium octoxide, reveals a draft Government Resolution published on the Energy Ministry website onlast Thursday.

The uranium octoxide will be procured at a price set according to the Public Finance Ministry’s advice, in observance of the law, with the proper modification of the annual programme for setting up the state reserve stocks funded from the state budget.

The purchase is aimed at attaining the safety level of the state reserve stock of uranium octoxide required by Cernavoda Nuclear Power Plant’s reactors 1-4 throughout their service life, says the Note explaining the need of the draft act.

Cernavoda is the only uranium dioxide producer in the European Union, providing the raw material for making CANDU-type nuclear fuel that the Romanian nuclear power plant needs in order to operate.

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