Established in 1998, Nuclearelectrica is currently Romania’s only generator of nuclear power. The company produces clean energy using safe CANDU nuclear technology and heavy water as a moderator and cooling agent. The company has two subsidiaries, Cernavoda NPP and the Pitesti Fuel Manufacturing Plant, and it relies on a highly efficient domestic infrastructure that allows it to control the entire fuel cycle, from uranium ore to final storage.
Nuclearelectrica is the third biggest energy producer in Romania, covering approximately 20% of the market and is well positioned on the Bucharest Stock Exchange Market. The successful operation of nuclear power plants requires a rigorous and responsible management processes, highly trained specialists and coherent strategies 24/7. The June 2015 results saw Nuclearelectrica positioned at number 1 in the international nuclear power plant rankings – out of 398 units pertaining to 178 utilities from 29 countries, based on the capacity factor since in service.
Nuclearelectrica priorities are nuclear safety as top priority, economic efficiency and responsibility for the environment. The high level of nuclear safety is ensured by the design, construction and operation of nuclear equipment and it comprises all technical and organisational measures and related activities to protect the environment. In full compliance with its listing on the Bucharest Stock Exchange Market, Nuclearelectrica applies an efficient financial and economic policy based on rigorous market analysis, which takes into consideration all related internal and external associated risks.
The company’s commitment to social responsibility has been constant throughout the lifespan of the two units by ensuring a high standard of living in the proximity of the plants. Nuclearelectrica understands the importance of contributing to a healthy community.
Nuclearelectrica’s main objectives remain the safe, clean generation of nuclear power, constant improvement of financial and capital market performance indicators, and the production of power capacity above average industry levels. The company is also focused on achieving major strategic investments with the development of two more nuclear units at Cernavoda NPP.
Nuclearelectrica regards accountability towards its shareholders, investors and stakeholders as essential. By focusing on these core objectives strong results have been delivered and a leading global position maintained. Nuclearelectrica plans to build on these assets and develop its business to the next level.