Romanian energy company Societatea Nationala Nuclearelectrica(SNN) accepted offers from CEZ, Electrabel, Enel, Iberdrola, RWE, and Arcelor Mittal to build two nuclear blocks with 720MW capacity. The estimated cost of the project is around EUR 2.2bn and it is expected that two block will start producing electricity around 2014-2015. Our view: It hasn’t been announced what is going to be CEZ’s stake in the project and whether SNN plans to keep majority stake but we see the news positively as it is important for CEZ to expend its activities.