US will finance USD 8 bln project for expanding Romania’s Cernavoda nuclear power plant

The US will finance the refurbishing of the first reactor at Romania’s Cernavoda nuclear power plant and the construction of units 3 and 4. Romania’s economy minister Virgil Popescu will sign two agreements with US officials for this project, US ambassador to Romania Adrian Zuckerman announced on Thursday, October 8, according to

“Tomorrow, Minister Popescu will meet with Department of Energy Secretary Brouillette to initial an Intergovernmental Cooperation Agreement for the refurbishment of one nuclear reactor and the building of two new reactors at the Cernavoda nuclear facility in Romania. This USD 8 billion project will be a paradigm for future Romanian- American economic and energy development projects,” Zuckerman said in a video address at the Aspen Institute’s Bucharest Forum.

“Later in the day, Minister Popescu will meet with the President and Chairwoman of Exim Bank, Kimberley Reed, to execute a memorandum of understanding for the financing of the Cernavoda nuclear project and other projects in Romania. The financing package is the largest financing package ever received by Romania to date and is indicative of the confidence that the United States has in its longstanding partner and Ally. The United States – Romania bilateral relationship has never been stronger,” the US ambassador added.

He accompanied Romania’s defense minister Nicolae Ciuca and economy minister Virgil Popescu in their official visit to Washington, D.C., aimed at further strengthening the bilateral bonds between our two countries.

Defense minister Ciuca met with the US Secretary of Defense Esper on Thursday to sign a bilateral Roadmap for Defense Cooperation Agreement for the years 2020 to 2030. “This strategic defense agreement will further confirm the United States’ commitment to assist Romania defend itself against malign foreign powers and preserve its border integrity,” Zuckerman said.

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