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Romania signs Cernavodă NPP development deal

On Friday (9 June), a Support Agreement for the development of a national strategic project on Units 3 and 4 of the Cernavodă Nuclear Power Plant (NPP) was signed between the Romanian government and majority state-owned nuclear company, Nuclearelectrica.

The Cernavodă Units 3 and 4 Project is deemed vital for Romania’s future, as it will cover more than a third of the projected energy needs for 2030 and 2031, said Romania’s Prime Minister, Nicolae Ionel Ciucă. Additionally, the expansion of production capacity at Cernavodă will sustain over 20,000 high-quality jobs in the nuclear energy field, he added.

The Prime Minister also emphasised Romania’s dedication to becoming a leader in clean and safe energy by entering a new stage of technology development based on Small Modular Reactors (SMR). With the support of the United States and the financial resources provided, Romania aims to strengthen its energy mix, aligned with European environmental protection and decarbonisation goals. PM Ciucă also welcomed the EU Modernisation Fund‘s decision to invest 2.4 billion euros, with Romania being the primary beneficiary, alongside additional investments worth a total of 1.1 billion euros.

“The development of Romania’s civil nuclear program was and is a priority of the Ministry of Energy, the Government, and, at the same time, it has the constant support of President Klaus Iohannis, Prime Minister Nicolae Ionel Ciucă, and also the presidents of the two Chambers of Parliament, Alina Gorghiu and Marcel Ciolacu. By signing the Agreement today, we demonstrate that the Romanian state is fully involved in the start and completion of the construction project of Units 3 and 4 at Cernavodă. And we are not alone. We also have American, Canadian, French, Italian, Korean, Japanese, and Emirati partners with us. Yes, we keep our word, and Romania will become an energy-independent country in the near future,” underlined Romania’s Energy Minister, Virgil Popescu.

The signed agreement, coupled with strategic energy projects and investments funded through the Modernisation Fund, including the capitalisation of natural gas from the Romanian Black Sea area via REPowerEU, will ensure stability and energy independence for Romanian citizens and the business environment, the PM said. The Prime Minister expressed gratitude to all institutions involved in the agreement’s preparation and conveyed confidence in swiftly realising this strategic project, further solidifying the country’s energy independence.

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