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2 minutes read

EU Approves Romania’s Plan for New Nuclear Plants

KHNP Anticipates Further Business Opportunities in Europe

The European Commission has given the go-ahead for Romania’s project to construct two new nuclear reactors, according to a statement from the Romanian Energy Ministry on July 3.

The Commission affirmed that the project aligns with the objectives of the Euratom Treaty, which mandates that nuclear developers must notify it of investment projects in advance for a safety review.

Korea Hydro & Nuclear Power (KHNP) is poised to gain another business opportunity in Eastern Europe, following its ventures in the Czech Republic and Poland.

With this project, Romania aims to increase its nuclear energy share in the country’s energy mix from the current 20 percent to 30 percent. The country presently operates two nuclear reactors.

Energy Minister Sebastian Burduja highlighted that the two new reactors will play a crucial role in enhancing both national and regional energy security, providing clean and zero-emission energy.

KHNP is actively pursuing nuclear projects in neighboring countries, including the Czech Republic and Poland.

For instance, the Czech Republic is planning to build up to four nuclear reactors in the Temelin and Dukovany regions. It is set to choose the preferred bidder this month from two competitors: KHNP and France’s EDF.

The Czech Republic has been generating electricity at its Dukovany nuclear plant since 1985 and currently operates six nuclear reactors in the Dukovany and Temelin regions.

By adding up to four more reactors in these areas, the Czech government aims to significantly increase the share of nuclear energy in its energy mix.

Construction of the new nuclear reactors is scheduled to commence in 2029, with the goal of them being operational by 2036. The total estimated cost is approximately 30 trillion won ($22 billion).

France’s EDF is the other contender in this two-way competition.

To secure victory, KHNP has partnered with several Korean builders and technology firms, including Doosan Enerbility, Daewoo Engineering & Construction, and Doosan Skoda Power.

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