Korean company DS Private Equity (DSPE), part of Korea’s DS group, will join as a financial investor the Romanian project company RoPower, formed by state-controlled Nuclearelectrica and private company Nova Gas and Power (the owner of the location), which is developing the Small Modular Reactors (SMR) programme with the technology provided by US NuScale.
The financial investment committed by DSPE will help fund the development of the project, starting with Phase 2 of the FEED study, SNN said in July 2023 when it first announced the investment pledged by DSPE.
Phase 2 FEED includes 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.
On March 28, Nuclearelectrica summoned its shareholders to get approval, among others, for a “tripartite Shareholders/Investors Agreement (SHA) to be concluded between SNN, Nova Power and Gas, and DSPE Beta Private Equity Fund for the development of the SMR Project, in Doicești Romania, in the form negotiated between SNN and the Project Partners, romania-insider.com reports.
