The United States will provide funding worth more than $3 billion for the construction of two new nuclear reactors in NATO-member Romania. The funding will be granted by the Washington-based Export-Import Bank, an export credit agency, enabling Romania to cover "about one-third of the amount necessary for the construction of two reactors" at the Cernavoda plant, Romanian Prime Minister Nicolae Ciuca said on November 8. The rest of the needed funding will come from other financing, Ciuca added. Cernavoda, Romania's only nuclear power plant, has been operational since the 1990s and covers approximately one-fifth of the country's electricity needs. The deal signed during the UN climate summit COP27 in Egypt comes amid global energy uncertainty aggravated by the war in Ukraine. To read the original story by RFE/RL's Romanian Service, click here.
Romania Gets $3 Billion U.S. Loan To Expand Nuclear Power
The Cernavoda nuclear power plant has been operational since the 1990s and covers approximately one-fifth of the country's electricity needs.