October 31, 2013 / 7:27 AM / 6 years ago

Romania reconnects first reactor to the power grid

BUCHAREST, Oct 31 (Reuters) - Romania’s nuclear power operator Nuclearelectrica reconnected the first unit at its Cernavoda power station on Oct. 30 after a power interruption in a command and control circuit halted its output on Sunday.

State-owned Nuclearelectrica has two 706 megawatt reactors accounting for a fifth of the country’s power production.

In September, Nuclearelectrica sold 10 percent of its shares through an initial public offering on the Bucharest stock exchange for roughly 282 million lei ($87.48 million).

The firm, which provides almost 20 percent of the country’s energy output, also sold a 1 percent stake to investment fund Fondul Proprietatea, a minority shareholder, bringing the listing’s value to a total 312.5 million. (Reporting by Ioana Patran)

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