Shareholders of Nuclearelectrica have approved €800 million in European Investment Bank financing for the refurbishment of Unit 1 at Romania’s Cernavoda nuclear power plant. The financing comprises two loans of €400 million each. The first is expected to be signed before the end of 2026, followed by the second in early 2027.
The refurbishment is intended to extend the reactor’s operating life by around 30 years. Unit 1 entered service in 1996 and is scheduled for major works between 2027 and 2030, including pressure-tube replacement and equipment modernisation. Nuclearelectrica expects the unit to return to service in 2030 and operate until around 2060, when it is expected to provide about 9% of Romania’s annual electricity production.
