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.
Bucharest’s five-star Radisson Blu Hotel launched “Art in Motion,” a pop-up exhibition developed in partnership with Art Safari, the largest organizer of art exhibitions in Eastern Europe. The exhibition can be viewed from early June to July 31 in public areas of the hotel. According to the hotel press release, the initiative underscores Bucharest’s role […]
Leading retail park owner M Core has invested more than EUR 150 million in the Romanian market over the past six months, significantly expanding its presence through a series of acquisitions and new developments. The company acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven fully leased retail parks previously owned by MAS. […]
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Romania’s Chamber of Deputies has officially designated 2026 as “The Year of Nadia Comăneci,” approving the bill on Wednesday, June 11, with 307 votes in favor, News.ro reported. As the lower Parliament house serves as the final decision-making authority, the legislation now advances to the president for promulgation...
Tarom, Romania’s embattled national carrier, announced on Tuesday, June 10, that it has finalized the sale for the 50% stake in the company Romanian Fueling Services S.R.L. The buyer is Air British Petroleum, a division within the global energy giant BP. The sale is part of Tarom’s Restructuring Plan, which will end in 2026. Following […]
Another portion of the A1 Sibiu – Pitești highway, stretching from Curtea de Argeș to Pitești, opens for traffic on Wednesday, June 11, three months earlier than the contractual deadline, according to the Romanian Transport Ministry. The A1 Sibiu – Pitești Motorway is 122.11 kilometers long and is divided into five sections. In the end, […]
