P&P advises CGN on the expected largest investment in Romania over the last 25 years (estimated investment value EUR 6 billion+)

POP & PARTNERS advises the largest nuclear power operator in China and the largest nuclear power constructor worldwide China General Nuclear Power Group (CGN) in connection with the development, financing, construction and operation of units 3 and 4 of Cernavoda Nuclear Power Plant.

POP & PARTNERS has advised throughout the tendering and the negotiation of pre-investment documents with the Romanian counterparts successfully finalized with the execution of a binding Memorandum of Understanding between CGN and its local partner in the project SN Nuclearelectrica SA. POP & PARTNERS continues to assist CGN throughout the negotiation of the Investment Documents and the Articles of Association of the new project company.

Upon the execution of the Memorandum of Understanding, Mr. He Yu, Chairman of the Board of CGN, stated that CGN will steadily implement Romanian nuclear power project together with other partners in Romania, Canada and Europe based on the principle of win-win cooperation. He also pointed out that signing the Memorandum of Understanding is another significant movement [for CGN] to actively explore international nuclear power market [...] and make its contribution to the strategy of "One Belt and One Road" and set an example for pragmatic cooperation between China and Central and Eastern European countries.