The company behind Romania’s first small modular reactor project has signaled a cautious stance on further spending, pointing to a more conservative phase for the high-profile nuclear initiative. The guidance comes as shareholders prepare to determine the next steps in a project that has already absorbed substantial funding without reaching a final investment decision.
RoPower Nuclear, a joint venture between Nuclearelectrica and private partner Nova Power and Gas, has recommended that investments move forward gradually rather than in bulk. The project relies on SMR technology provided by the US-based company NuScale.
Ahead of Nuclearelectrica’s shareholder meeting on 12–13 February, the company proposed that the initial stage focus on a single reactor, even though the full project envisions six units. Additional reactors would be contracted only if the first unit demonstrates clear technical and operational success.
Even if all six reactors are eventually pursued, the plan includes strict financial safeguards, such as clauses requiring NuScale to reimburse funds if the reactors fail to reach full operational performance. The cautious approach reflects lessons from feasibility studies that have already cost around 200 million dollars.
