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.
Romania will remain a staunch ally in NATO while focusing on defense investments, newly-elected president Nicușor Dan said after a call with NATO secretary general Mark Rutte. “Romania will continue to be a staunch ally. At the same time, we count on @NATO to deliver ironclad security for Romania. We will focus on defense investments […]
The central Romania city of Brașov will turn into the third entry point to the long-distance trail Via Transilvanica, after Putna and Drobeta Turnu Severin, according to Biz Brașov. The trail, which spans some 1,400 km at the moment, starts in the northern Romania region of Bucovina, at Putna, crosses Transylvania, and ends at Drobeta […]
The European Commission has revised down its economic forecast for Romania, predicting a modest GDP growth of just 1.4% in 2025 - below the 2.5% projected in its previous autumn outlook. The updated Spring Forecast also anticipates a slight recovery to 2.2% in 2026, but warns that economic momentum could be constrained by rising uncertainty […]
The Ministry of Culture announced on Monday, May 19, that it signed a financing contract for the ePatrimoniu project, a major initiative aimed at digitizing Romania’s cultural heritage and making it more accessible to the public. Backed by over EUR 24 million in funding, the project is set to create a digital platform that centralizes […]
Turnover reached approximately EUR 23 million in 2024. The EPC division generated 90% of the company’s revenue last year. In 2025, Enexus aims to exceed 600 MW of total installed renewable energy capacity Enexus, an integrated EPC company specialized in fast execution of mid to large-size photovoltaic projects with storage capabilities, announces...
Nicușor Dan, a mathematician and civic activist turned politician and mayor of Bucharest, made history by becoming Romania's new president as an independent candidate, securing 53.6% of the vote in a landmark election. His victory over far-right contender George Simion signals a renewed commitment among Romanian...
