If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Saturday, July 4, 2020 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


S.N. NUCLEARELECTRICA S.A. - SNN

The decision of the SNN BoD regarding the initiation of the planned outage of U1

Release Date: 5/8/2020 5:49:35 PM

IRIS Code: E922B

 

Current report according to: ASF Regulation no. 5/2018 on issuers of financial instruments and market operations

Report date: May 8th, 2020

Name of the issuing entity: NUCLEARELECTRICA S.A. National Company

Registered office: 65 Polona St., District 1, Bucharest

Telephone/Fax Number: 021-203.82.00 / 021 – 316.94.00

Sole Registration Code with the Trade Register Office: 10874881

Running number: J40/7403/1998

Subscribed and paid-up share capital: RON 3,015,138,510

Regulated market on which the issued securities are traded: Bucharest Stock Exchange

 

To: Bucharest Stock Exchange

Financial Supervision Authority

 

Significant event to report: Decision of the Board of Directors of SNN on the initiation of the scheduled outage program of Unit 1 of Cernavoda NPP

 

 

SN Nuclearelectrica SA informs the shareholders and investors thereof about the decision of the Board of Directors of SNN, convened in the meeting of April 8th, 2020, to initiate the scheduled outage program of Unit 1 of Cernavoda NPP, starting with the date of June 20th, 2020.

 

Usually, the planned outages of nuclear units are performed alternately, once every two years for each unit, over the period May-June, but in international pandemic conditions, similar to other nuclear power plants, the planned outage of Unit 1 at Cernavoda has been postponed.

 

We remind the fact that the decision to postpone the planned outage of Unit 1 Cernavoda NPP was adopted on April 7th, 2020 by the Board of Directors of SNN and was determined by the current context of the COVID-19 epidemic in conjunction with the measures related to the Staff Protection Plan, in order to provide the continuity of operation and production, since the development of a planned outage is a complex investment project through the logistics structure, contracting and the staff involved.

 

The decision to initiate the planned outage program of Unit 1 Cernavoda NPP starting with June 20th, for a period of approximately 42 days, was adopted by the Board of Directors of SNN convened in the meeting held on May 8th, 2020, based on the analysis of all the factors impacting on the planned outage of Unit 1.

 

SNN shall issue, prior to June 20th, 2020, a press release on the actual start of the planned outage program of Unit 1 Cernavoda NPP.

 

Postponing and carrying out the scheduled outage of Unit 1 of Cernavoda NPP starting with the date of June 20th, 2020 does not affect the maintenance of the high level of nuclear security and operation efficiency of the Power Plant, the production taking place under normal parameters.

 

 

Cosmin Ghita

Chief Executive Officer

 

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved