DS Private Equity signed the Term sheet Agreement with Nuclearelectrica and Nova Power & Gas, the shareholders of RoPower, which is the project company developing the Doicesti SMR Power Plant in Romania, with the intention to invest EUR 75 million for the development of FEED 2 study.
The financial investment committed by DSPE will help fund the development of the Project, starting with Phase 2 of the FEED study, which consists in the activities for detailed site characterization, the initiation of activities to obtain authorizations, licensing and regulation, the precise schedule of the project, budget planning for project execution, and preparation for the purchase of long lead materials.
“Nuclearelectrica welcomes the financing support of DS Private Equity immediately after the announcement at the G7 by the Biden Administration as an example of mobilization & international cooperation for the SMR Project in Romania, the second country after the US to implement the innovative small modular reactor technology of the American company NuScale. We are proud the project in Romania is gaining the trust of important international financial institutions, which is a recognition of the robust project plan, the credibility and professionalism of the shareholders, and Romania’s proven track record in the nuclear power industry: more than 26 years of safe operation at the highest standards of excellence in the Cernavoda nuclear power plant, more than 50 years of development of the nuclear industry in Romania, rigorous nuclear industry regulator – CNCAN, and a performant nuclear engineering education system. I trust that with a professional, experienced partner such as DSPE, we are able to take the project to the next level,” said Cosmin Ghita, General Manager SN Nuclearelectrica SA.
