Search Results
Keyword：Cernavodă NPP
Romania's National Nuclear Power Company Plans to Borrow EUR 800 Million from the European Investment Bank: Full Speed Ahead on the Refurbishment of Cernavodă NPP Unit 1
Romania's National Nuclear Power Company (Nuclearelectrica) recently submitted a disclosure to the Bucharest Stock Exchange (BVB), announcing plans to obtain a long-term loan totaling EUR 800 million from the European Investment Bank (BEI), earmarked to finance the Unit 1 Refurbishment and modernization project at the Cernavodă NPP. This major external financing plan has been placed on the agenda and will be formally submitted to shareholders for approval and deliberation at an extraordinary general meeting to be held from October 29 to 30, 2026. The European Investment Bank's Board of Directors had previously formally approved on July 15, 2026, an EUR 800 million credit facility for the project, which is...
2026-10-08
Romania Declares National State of Emergency for August Amid Decline in Power Generation
Romania's Acting Prime Minister and Energy Minister Ilie Bolojan announced on July 31 after a cabinet meeting that Romania would enter a national state of emergency in August due to a decline in power generation caused by drought. Bolojan stated that the drought has reduced water levels in rivers, with a notable decrease in the flow of the Danube River. The flow has dropped from over 4,000 cubic meters per second to 1,600 cubic meters per second. He said that as a result, the water level in the intake basin of the Cernavodă NPP has fallen, and Unit 1 of the plant had to be shut down recently. He also noted that Unit 2 of the Cernavodă NPP faces a high risk of shutdown. Should Unit 2 go offline, Romania's total...
2026-08-01