Dentons has advised EnergoNuclear on an engineering, procurement, and construction management contract for the advancement of the Cernavoda Nuclear Power Plant Units in Romania. CMS reportedly advised the counterparty.
According to Dentons, “valued at an estimated EUR 3.2 billion, the EPCM contract has been structured to cover two phases spanning over 108 months in total. EnergoNuclear, a fully owned subsidiary of Nuclearelectrica, signed the EPCM contract with the FCSA joint venture consisting of Fluor, Fluor Energy Transition Wilmington Bucuresti Branch, Candu Energy, Ansaldo Nucleare, S&L Engineers, and Sargent & Lundy Energie. The contract was signed during the 2024 UN Climate Change Conference (COP 29) held in Baku, Azerbaijan.”
Furthermore, Dentons reports that Units 3 and 4 will provide Romania with energy security and clean energy in a safe and sustainable manner. “Once Units 3 and 4 are connected to the grid, nuclear energy will generate 66% of the country’s clean energy, reinforcing its essential role in the decarbonization process.”
The Dentons team included Bucharest-based Partners Claudiu Munteanu-Jipescu and Raul Mihu, Senior Counsel Oana Voda, Budapest-based Partner Istvan Reczicza and Of Counsel Theodore Boone, Warsaw-based Senior Associate Bartosz Dobkowski, as well as further team members in Glasgow, Amsterdam, Frankfurt, and Brussels.
