Hungary and Romania have reached an agreement to deepen cooperation on extending the operational lifetimes of their nuclear power plants—Paks in Hungary and Cernavoda in Romania. The announcement came from Hungarian Foreign Minister Peter Szijjártó during his visit to Bucharest, where he emphasized Romania’s growing strategic importance in Hungary’s overall energy security framework. Szijjártó stated […]
Nuclearelectrica has secured two major financing agreements with a banking syndicate led by J.P. Morgan, providing crucial funding for Romania’s nuclear energy projects. The financing will support the refurbishment of Cernavoda Nuclear Power Plant’s Unit 1 and the preparatory phase for Units 3 and 4 construction, following shareholder approval. The lending consortium includes Banca Comerciala
Romania secures major financing for Cernavoda nuclear expansion and refurbishment Read More »
Nuclearelectrica has reported significant progress on the refurbishment of Unit 1 at the Cernavoda Nuclear Power Plant, with civil construction works now underway. The refurbishment is a key component of Romania’s national nuclear strategy, which also includes plans to build Units 3 and 4. Extending Unit 1’s operational life by 30 years is expected to
Romania advances NPP Cernavoda Unit 1 refurbishment to boost nuclear energy security Read More »
French energy company EDF has signed a contract worth 175 million euros to modernize the turbogenerator at Unit 1 of Romania’s Cernavoda nuclear power plant. The deal involves collaboration between the plant’s operator, Nuclearelectrica, and two EDF subsidiaries – Arabelle Service France and Arabelle Solutions Romania. Cernavoda is Romania’s only nuclear power plant, supplying around
Romanian power producer Nuclearelectrica plans to secure a €540 million credit facility from a bank syndicate led by JP Morgan to finance the refurbishment of Unit 1 at its Cernavoda nuclear power plant. The company’s management is currently seeking shareholder approval to proceed with the loan agreement, with full details of the syndicate’s structure and
Romania: Nuclearelectrica seeks €540 million loan for Cernavoda Unit 1 refurbishment Read More »
Romanian Minister of Energy Bogdan Ivan has announced that environmental approval has been granted for both the modernization of Unit 1 and the expansion of spent-fuel storage at the Cernavoda nuclear power plant complex. These projects will allow Unit 1 to continue generating 700 MW of clean electricity for an additional 30 years. Minister Ivan
Unit 2 of Romania’s sole nuclear power plant, Cernavoda, was brought back online on the morning of 27 June after a controlled shutdown on 25 June for inspections and minor repairs. Operator Nuclearelectrica confirmed that all corrective actions complied with strict safety protocols, ensuring no risk to staff or the surrounding community. The unit had
Nuclearelectrica, the operator of Romania’s only nuclear power plant at Cernavoda, announced that Unit 2 was taken offline on 25 June in a controlled shutdown. The move was made to allow for further technical assessments and, if necessary, the implementation of corrective measures. The company stressed that all procedures are being conducted according to strict
Romania: Cernavoda Unit 2 taken offline for technical assessments after smoke incident Read More »
Nuclearelectrica, the operator of the Romanian nuclear power plant Cenavoda, has announced its financial results for the first quarter of 2024. In the three-month period that ended on 31 March, the company obtained a net profit of 563.2 million RON (113 million euros), down 26.5 percent compared to the same period in 2023. The gross
Romania: Nuclearelectrica reports net profit of 113 million euros in Q1 Read More »
