Korea Hydro & Nuclear Power (KHNP), a South Korean state-controlled company, announced on Monday that it had signed an agreement with Canadian group Candu Energy to speed up preparations to submit a bid in the tender to be held to upgrade the reactor 1 from Cernavoda, Yonhap agency informs. KHNP stated that it signed an engineering services contract with Candu, in accordance with their objective to participate in the modernization of reactor 1 of the Cernavoda nuclear power plant (Romania). The project aims to replace some key components and build the necessary infrastructure that will allow reactor 1 from Cernavoda to operate for another 30 years. According to the partnership with Candu, KHNP will develop a plan for the construction of the infrastructure. “Through this project, we expect to strengthen cooperation between South Korea and Romania in the field of nuclear energy,” said KHNP general manager Whang Joo-ho, who added that the company will focus its efforts on winning the contract that will be auctioned this year. For the same project, last year KHNP signed a tripartite consortium agreement with the Canadian group Candu Energy and the Italian Ansaldo Nucleare S.p.A. Unit 1 of the Cernavoda Nuclear Power Plant (CNE), with an installed capacity of 700 MW, was put into operation in 1996 and has delivered, until now, 133 million MWh, representing 9% of national consumption, over a period of 26 years. Unit 1 also prevented the release of 130 million tons of CO2 into the atmosphere.
Gold has been one of the most sought-after assets for centuries, and in the modern era, it has become a highly popular component of investment portfolios. A preferred asset for protection against economic risks, gold has delivered attractive long-term returns, increasing by approximately 8% per year over the past two decades. Since the end of […]
JTI Romania is the Top Employer for the 12th year in a row, being ranked third amongst 44 companies locally awarded, after an assessment conducted by the Top Employers Institute. The company was rated for about 20 criteria such as leadership, talent acquisition, on-boarding, digital HR, work environment, career development, learning, ethics & integrity, diversity, […]
Romanian defense minister Angel Tîlvăr stated that the contract for the Patriot system, which will replace the one ceded by Romania to Ukraine, is expected to be signed in February. The minister commended the decision of the United State government to approve the delivery of three Patriot systems to Romania. Raytheon stated it will collaborate […]
Romanian companies are entering 2025 with cautious optimism, focusing on managing risks and controlling costs, according to the Deloitte 2025 Romania CFO Survey conducted at the end of last year among approximately 130 Chief Financial Officers (CFOs). Most of the Romanian CFOs predict an increase in revenues for this year (58%), but their share has […]
Several employees of the Romanian Senate began protesting and booing while the president of the upper Chamber was announcing that staff restructuring would be implemented to reduce public spending. Ilie Bolojan, president of the National Liberal Party and head of the Senate, announced a reduction in the organizational chart from 796 positions to 618 positions. […]
The members of the Romanian angel investor network TechAngels put EUR 2.757 million in direct investments in tech startups in the second half of 2024, almost triple the amount invested in the year's first half. The investments for the entire 2024 rose to EUR 3.777 million, a 25% year-on-year increase. The rounds backed by TechAngels […]
