Nuclearelectrica is a state-owned company, its shares being held by the Ministry of Economy and Commerce, which has as main objective power generation with the only nuclear power plant in Romania

Romania

Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...

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Nuclearelectrica owns the Cernavodă Nuclear Power Plant

Cernavoda Nuclear Power Plant

The Nuclear Power Plant in Cernavodă is the only nuclear power plant in Romania. It produces around 20% of the country's electricity. It uses CANDU reactor technology from AECL, using heavy water produced at Drobeta-Turnu Severin as its neutron moderator and water from the Danube – Black Sea Canal...

 which has 2 reactors and a total installed capacity of 1,400 MW and an annual average power production of 5.613 GWh meaning 18 % of the total national output of Romania

Romania

Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...

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The company is also undergoing negotiations for the construction of the 3 and 4 units at Cernavodă Nuclear Power Plant

Cernavoda Nuclear Power Plant

The Nuclear Power Plant in Cernavodă is the only nuclear power plant in Romania. It produces around 20% of the country's electricity. It uses CANDU reactor technology from AECL, using heavy water produced at Drobeta-Turnu Severin as its neutron moderator and water from the Danube – Black Sea Canal...

, project expected to cost around US$ 3.5 billion. On 7 March 2008, Nuclearelectrica, ArcelorMittal, CEZ

CEZ Group

CEZ Group is a conglomerate of 96 companies , 72 of them in the Czech Republic. It is involved in the electricity generation, distribution, and trade. CEZ Group operates also in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Germany, Hungary, Kosovo, Poland, Romania, Serbia, Slovakia and...

, Electrabel

Electrabel

Electrabel is a Belgium-based energy corporation. It is a subsidiary of GDF Suez.-History:Electrabel was established in 1905. Its actual name originates from 1990, after the regrouping of the companies Intercom, Ebes and Unerg....

, Enel

Enel

Enel may refer to:*Enel SpA, an Italian electricity company*Enel , a fictional villain in the One Piece manga and anime series*Enel, meaning third in the fiction of J. R. R. Tolkien, cf. Awakening of the Elves...

, Iberdrola

Iberdrola

Iberdrola , headquartered in Bilbao, is a private utility with a global footprint and over 150 years of experience...

 and RWE

RWE

RWE AG , is a German electric power and natural gas public utility company based in Essen. Through its various subsidiaries, the energy company contributes electricity and gas to more than 20 million electricity customers and 10 million gas customers, principally in Europe...

agreed to set up a company dedicated to the completion, commissioning and operation of the units 3 and 4. The company is expected to be registered in May 2008.