Romania Insider Jul 25 24
U.S. and Romania announce progress in Small Modular Reactor project:
U.S.
romania-insider.com/us-romania-progress-small-modular-reactors-july-2024
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Mar 18, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Next year, Romania is set to make a preliminary final investment decision on whether to construct a small modular reactor plant (SMR).
- State-owned nuclear company Nuclearelectrica is expected to collaborate with U.S. energy utility NuScale Power to build reactors, promoting low-emission energy sources.
- SMRs are designed for new applications such as replacing decommissioned coal plants and are easier to scale than traditional reactors.
- The Romanian project is backed by $4 billion in financial support from the U.S. Exim Bank and the U.S. International Development Finance Corporation, with potential investors also looking to provide equity for the project.
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