Romania will receive $3 billion from the US to build two nuclear reactors

11:17 10 November Kyiv, Ukraine

Romania announced that the United States will provide more than $3 billion in funding to build two new nuclear reactors. Construction is expected to start early next year.
This was stated by Romanian Prime Minister Nicolae Chuca, according to Euractiv.

The financing will be provided by the Washington-based Export-Import Bank (EXIM), which will allow Romania to cover "about a third of the amount needed to build two reactors" at the Cernavoda nuclear power plant.

According to Chuca, the rest of the necessary funding will come from other funding sources.

It is noted that Cernavoda is the only nuclear power plant in Romania built according to Canadian technology and has been operating since the 1990s.. Two reactors with a total capacity of 1,400 MW cover about a fifth of the country's electricity needs.

Construction of two additional nuclear reactors at Cernavoda is due to start in March/April 2023 and is expected to be completed in 2030.

Six European companies - GDF Suez, Iberdrola, CEZ, RWE, Enel and ArcelorMittal - reportedly first committed to the project in 2008 before pulling out one by one due to uncertainty. In addition, Bucharest also terminated a financing agreement with the China General Nuclear Power Corporation (CGN) group in 2020 amid distrust of Chinese investment in Europe.