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May 22, 2024
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Economy Romanian News

Romania to Invest EUR 9 B for Cernavoda Nuclear Plant

Romanian PM Ludovic Orban announced that Romania plans to continue the refurbishment of Reactor 1 from Cernavoda Nuclear Plant, but also to build two new reactors: Reactors 3 and 4. The investment needed is 8-9 billion Euros, as mentioned by the PM.

We have big plans for this nuclear plant. Our objective is to invest around 8-9 billion Euros for revamping Reactor 1, but also for the building of the Reactor 3 and Reactor 4. Since we took the political power, we have changed the approach: we want to accomplish the investments along with the serious partners from the Euro-Atlantic region, partners who have the expertise and the technology to support the accomplishment of these fundamental investments for our future economic development.

Romanian PM Ludovic Orban on investments at Cernavoda Nuclear Plant

The mentioning of the Euro-Atlantic partners for accomplishing the investment is not random. This year the Romanian Government, who holds through the Ministry of Energy 82% of the shares from Nuclearelectrica, the owner of Cernavoda Nuclear Plant, has given up the potential partnership with China General Nuclear Power Corporation.

Photo source: Gov.ro

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