Transelectrica launches major projects...

Romanian electricity transmission system operator Transelectrica has launched two major infrastructure projects to...

Romania launches third CfD...

The Romanian Ministry of Energy, in cooperation with Transelectrica, the operator of the...

Montenegro: EPA clears two...

Montenegro’s Environmental Protection Agency (EPA) has decided that Unipan Green, a local company,...

Slovenia: Šoštanj thermal power...

At the end of September, the Šoštanj thermal power plant began an extensive...
Supported byClarion Energy
HomeSEE Energy NewsRomania secures major...

Romania secures major financing for Cernavoda nuclear expansion and refurbishment

Nuclearelectrica has secured two major financing agreements with a banking syndicate led by J.P. Morgan, providing crucial funding for Romania’s nuclear energy projects. The financing will support the refurbishment of Cernavoda Nuclear Power Plant’s Unit 1 and the preparatory phase for Units 3 and 4 construction, following shareholder approval.

The lending consortium includes Banca Comerciala Romana, Banca Transilvania, BRD Groupe Societe Generale, CEC Bank, Citibank Europe PLC Dublin – Romania Branch, ING Bank N.V. Amsterdam – Bucharest Branch, UniCredit Bank, and J.P. Morgan for Unit 1 refurbishment. A similar group will finance Units 3 and 4 via Energonuclear, the project company.

A €540 million loan is allocated for the second stage of Unit 1 refurbishment, covering engineering, design, procurement, contracting, acquisition of long-lead equipment, execution planning, infrastructure works, permitting, and funding. Civil construction has already begun.

An additional €80 million will finance the Limited Notice to Proceed stage for Units 3 and 4, supporting detailed project definition, cost and schedule planning, securing EURATOM approval, ensuring state aid compliance, and preparing for the final investment decision.

These agreements mark a key milestone in Romania’s nuclear strategy, strengthening long-term electricity generation stability and highlighting nuclear energy’s role in national energy security and decarbonization goals.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Transelectrica launches major projects to strengthen Romania–Moldova power interconnection

Romanian electricity transmission system operator Transelectrica has launched two major infrastructure projects to strengthen the national grid and enhance interconnection with neighboring Moldova. The initiatives include the 400 kV Gadalin-Suceava overhead transmission line and the 400 kV Suceava-Balti interconnection...

Romania launches third CfD tender for 290 MW of onshore wind projects

The Romanian Ministry of Energy, in cooperation with Transelectrica, the operator of the Contracts for Difference (CfD) mechanism, has announced the third competitive tender for renewable energy producers under the CfD support scheme. The bidding process will take place...

Montenegro: EPA clears two Unipan Green solar projects without full environmental assessment

Montenegro’s Environmental Protection Agency (EPA) has decided that Unipan Green, a local company, will not need to conduct an environmental impact assessment for two planned solar power projects located south of Podgorica. The first project will have an installed capacity...
Supported byVirtu Energy
error: Content is protected !!