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UPDATE The € 8 billion project will be coordinated by AECom and will involve a consortium of companies from the US, Romania, Canada and France, reports the US Embassy in Romania. AEcom is a large American engineering company, operating in more than 150 countries, with revenues of more than $ 20 billion in 2019.
“Nuclear power is crucial to ensure that Romania has a reliable, accessible and emission-free source of electricity, and the US nuclear industry looks forward to providing its expertise to develop this important energy source,” the secretary said. Brouillette. “This agreement between the United States and Romania enhances our mutual energy cooperation and will strengthen the energy security of both nations.”
“Today, Romania is taking a big step in developing its strategic partnership with the United States of America, in terms of the energy component, namely, cooperation in the civil nuclear field,” Minister Popescu said.
The Department of Energy statement said the United States and Romania will continue to strengthen the bilateral relationship in various multilateral frameworks, including the Partnership for Transatlantic Energy Cooperation (P-TEC) created under the Trump administration. Within the P-TEC, the United States and Romania co-chair a working group on civil nuclear cooperation.
- NOTE RED. No further details were provided on what it means for Romania to “use American expertise and technology with a multinational team.” We will introduce them as we get more information.
Adrian Zuckerman says it is an 8 billion euro project, which includes the rehabilitation of Reactor 1. In fact, Romania will benefit from the largest funding package ever received.
In the second part of the day Virgil Popescu will meet with the president of EXIM (US Export-Import Bank), Kimberley Reed, to sign a memorandum of understanding aimed at financing the Cernavoda nuclear project and other projects in Romania. It is the largest financing package received by Romania so far, indicating the trust the United States has in its former partner and ally, the US ambassador also said.
The Minister affirmed that through this visit the strategic partnership between Romania and the United States will be developed in the energy dimension and the foundations for cooperation in this field will be laid.
“The United States is already a strong investor in the Romanian economy, and the energy sector, of strategic importance for Romania both from an economic perspective and from an energy security perspective, is an area where I would like to see a greater American presence. “. “I want to take advantage of the opportunities for the development of our country,” said Virgil Popescu.
We remind you that the current Government also intends to attract US partners in the development of the Cernavoda 3 and 4 reactors project. It will not be long before the discussions between the Romanian state and potential partners for the construction of Cernavoda reactors 3 and 4, said Economy Minister Virgil Popescu in a July interview with HotNews.ro. It practically confirmed that there were discussions with such partners. When asked if these potential investors are from Europe or abroad, the minister said “it could be a Euro-Atlantic consortium.”
