Unit 1 of the Cernavoda Nuclear Power Plant will be halted as of 2026 for retooling works, which will take two years and will extend its service life by 30 years, Romeo Urjan, the head of the Technical and Retooling Division of Nuclearelectrica stated on Monday. “As of 2026, Unit 1 of Cernavoda will stop for the actual works. Until then, we are making all the necessary preparations. We will make a feasibility study which will be concluded by 2021 and then we will carry out the demarches for the procurement of the equipment, which need to be ordered 3-4-5 years prior, being specific products,” Urjan told a profile conference. According to him the feasibility study will say the exact value of the investment, which, according to estimates, ranges between 1.2 and 1.5 billion Euro. “After two years of retooling, Unit 1 will function for another 30 years. Thus we will have a plant as good as new for another 30 years, as opposed to the costs of a new plant, which would be double or even triple. The economic advantage is therefore clear,” the Nuclearelectrica official added. Nuclearelectrica operates the Nuclear Power Plant of Cernavoda, where two CANDU 6-type reactors are working, with a total power of 1,400 MW. They ensure approximately 20 percent of the national production of electricity. Unit 1 was put into service in 1996, and Unit 2 in 2007.
President Nicusor Dan signed on Thursday the decree appointing Prime Minister Ilie Bolojan as interim Vice Prime Minister on the areas coordinated by Dragos Anastasiu, the Presidential Administration informed.On 27 July, Dragos Anastasiu announced he was stepping down from the vice prime minister office, mentioning that he could no longer accept "being denigrated and thus […]
Prime Minister Ilie Bolojan continued consultations on Thursday with representatives of the Association of Communes of Romania, telling them there is a strong chance to overcome the current difficult period if the approach of "responsibility toward public funds" is maintained."The reform of local public administration will be part of the second package of government measures […]
Financing the National Recovery and Resilience Plan (PNRR) projects will continue for those already initiated and will stop only in case investment has not begun, where not a single euro was spent for construction, Development minister Cseke Attila explained on Thursday. “PNRR will not stop, neither will financing investments which have already been initiated, […]
The Justice Ministry announced on Thursday having developed in cooperation with the Finance Ministry and the National Tax Administration Agency a set of proposals to amend the Insolvency Law, which will be included in the second reform package.Some of the amendments provide for a higher recovery rate of the taxes and fees owed by insolvent […]
Romania is in the antechamber of recession, with the risk that its economy will decline in the third or fourth quarter, especially amid an increase in taxes, a significant drop in sales and record inflation at European level, says business consultant Adrian Negrescu."We are currently in the antechamber of recession. It is a moment […]
The Ministry of Culture announced on Thursday that is set to adapt national legislation for enforcing the European Media Freedom Act (EMFA), which supports media pluralism, editorial responsibility, protects journalists from abusive surveillance and intimidation, and provides protection for sources.According to a Culture Ministry release, the implementation in Romania of Regulation (EU) 2024/1083 of the […]
