Romania’s economy minister Virgil Popescu will meet with the President and Chairwoman of Exim Bank, Kimberley Reed, to execute a memorandum of understanding for the financing of the Cernavoda nuclear project and other projects in Romania. The financing package is the largest financing package ever received by Romania to date.
Romania has terminated a deal with China General Nuclear Power Corporation for the construction of two nuclear reactors at the power plant in Cernavoda.
Romania’s nuclear power plant in Cernavoda currently operates two 700-megawatt reactors, covering around 20% of the country’s energy consumption.
Romania has been talking about developing two more nuclear reactor units at its plant in Cernavoda since 2003. Units 3 and 4 have been in conservation since 1992.