Plans to expand nuclear capacity in Romania are gaining momentum as the Export-Import Bank of the United States prepares to finalize a financing agreement with EnergoNuclear, a subsidiary fully owned by Nuclearelectrica. The deal is expected to provide up to 57.2 million dollars in direct funding support, marking a key step forward for the project.
The financing is linked to the long-awaited construction of Units 3 and 4 at the Cernavodă Nuclear Power Plant, a project with an estimated total investment of 6 to 7 billion euros. Once completed, the new reactors are expected to significantly increase Romania’s baseload electricity generation and reduce reliance on fossil fuels.
The US-backed loan had already received approval in September 2023, underscoring ongoing strategic cooperation between Romania and the United States in the field of nuclear energy. The project is part of broader efforts to enhance energy security and diversify the generation mix through large-scale, low-carbon infrastructure investments.
