Romania is set to embark on a significant expansion of its nuclear energy capacity, with the goal of nearly tripling its installed capacity over the next decade. Energy Minister Bogdan Ivan announced this strategic initiative during the recent Nuclear Energy Summit in Paris, highlighting the country’s commitment to enhancing its energy production capabilities.
The Romanian government emphasizes its extensive experience in nuclear power generation, spanning six decades. Notably, units 1 and 2 of the Cernavoda nuclear power plant have demonstrated exceptional performance, achieving a remarkable average capacity factor exceeding 92% as reported by the International Atomic Energy Agency.
This expansion comes against the backdrop of rising electricity demand and the imperative to reduce carbon emissions while ensuring system stability. In this regard, nuclear power is increasingly recognized as a reliable source of low-emission electricity capable of meeting large-scale energy needs continuously.
Nuclear energy currently accounts for approximately 20% of Romania’s electricity consumption. The planned increase in capacity is expected to enhance the resilience of the national grid and lessen reliance on fossil fuels, aligning with broader environmental goals.
To facilitate this growth, Romania is advancing multiple key projects at NPP Cernavoda, which include the refurbishment of unit 1 and the construction of new units 3 and 4 utilizing CANDU reactor technology. These developments are crucial for maintaining operational efficiency and increasing overall output.
A pivotal element of Romania’s nuclear strategy involves the introduction of small modular reactors (SMRs). The nation is progressing with Europe’s first SMR project located in Doicesti, which has gained momentum following approval from Nuclearelectrica shareholders for a final investment decision. This state-owned enterprise, with an ownership stake of 82.5% by the government, is poised to move forward into the next phase of development.
The advancement of this SMR initiative necessitates an estimated funding requirement of approximately $600 million, while projections indicate that the total cost could reach around $4.9 billion, subject to fluctuations based on construction conditions and technical specifications.
