Romania to get 3 billion dollars from the US for the construction of two new reactors

Sursa: presidency.ro

Romania will receive more than 3 billion dollars for the construction of two new reactors of the Cernavoda nuclear plant, a move that will increase it energy independence.

Romanian Prime Minister Nicolae Ciucă said the two new reactors would be built by 2030.

Preliminary works will be financed by a $50 million loan and will be completed by 2025.

Energy Minister Virgil Popescu on Wednesday received  letters from the president of the US bank US Exim Bank, Reta Jo Lewis.

A ceremony, held on the sidelines of the COP27 in Sharm El-Sheikh, was also attended by the Romanian president, Klaus Iohannis, and the special representative of the US president for climate, John Kerry.

Two electricity production units are currently in operation in Cernavoda on the River Danube and Romania wants to build two more to increase its degree of energy independence.

The Cernavoda nuclear power plant is managed by the National Nuclear Electric Company, controlled by the Romanian state through the Ministry of Energy.

In 2020, Romania and the United States signed a government-level agreement that allows Romania access to American nuclear technology, abandoning an initial plan to develop the new reactors through a partnership with China.

Popescu visited the U.S in 2020 and signed an agreement to cooperate  with US companies for the construction of reactors 3 and 4 in Cernavoda, as well as restructuring  reactor 1.

The works will be carried out by a consortium of US, Canadian and French companies. The project was first announced in Aug. 2019, when Presidents Klaus Iohannis and Donald Trump signed a Joint Declaration in Washington pledging to cooperate in the field of civil nuclear power.

Romania moves towards deepening nuclear ties with US

 

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