Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...

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Romania: US extends USD 57 million euros financing for NPP Cernavoda expansion

The Board of Directors of the main export credit agency of the United States, EXIM Bank US, approved the granting of a direct loan in the amount of more than USD 57million euros to EnergoNuclear, the project company fully controlled by the Romanian state company Nuclearelectrica through which the plan to build the new units 3 and 4 at the Cernavodă nuclear power plant is being implemented.

The loan will finance the development of pre-construction engineering and feasibility studies for the design development of the two new reactors.

The transaction approved by the board of EXIM Bank US, within the bank’s Engineering Multiplier Program (EMP), will support an estimated number of 200 new jobs in the American states of Texas and Illinois, the institution reported.

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