popular articles

Romania’s NuScale SMR plan gets $275 million boost

The VOYGR-6 SMR nuclear power plant project in Romania will receive substantial financing, with a letter of interest from the U.S. EXIM Bank and potential financial support from several other agencies.

Please share:

The announced financing includes a Letter of Interest from the Export-Import Bank of the United States (EXIM) for up to $99 million under the EXIM Engineering Multiplier program. This funding will support the procurement of “long lead time materials, Phase 2 FEED design work, provision of project management expertise, site characterization and regulatory analysis, and development of a site-specific schedule and budget for project execution.”

EXIM and the U.S. International Development Finance Corporation have also issued Letters of Interest for “potential financial support of up to $3 billion and $1 billion, respectively, for project deployment.” The announcement is part of the G7 leaders’ plan to “mobilize $600 billion in infrastructure investment through the Global Infrastructure and Investment Partnership.

Phase 1 of the project in progress

NuScale and RoPower Nuclear, jointly owned by Nuclearelectrica and Nova Power and Gas of Romania, are conducting a Phase 1 study to analyze the preferred site for the first VOYGR-6 SMR nuclear power plant, which is a former coal-fired power plant in Doicesti, Romania. The new funding will support the Phase 2 study, which will also initiate the permitting and licensing process for the project.

Nuclearelectrica said that the partners involved in financing the project are the Japan Bank for International Cooperation, DS Private Equity (Korea), EXIM Bank of Romania, Nuclearelectrica, Nova Power & Gas, Emirates Nuclear Energy Corporation (ENEC), DFC and US EXIM. The company stressed that the participation of ENEC was the first collaborative measure following a Memorandum of Understanding signed between Nuclearelectrica and ENEC in March.

The NuScale power module on which the VOYGR nuclear power plants are based is a pressurized water reactor with all the necessary components for steam generation and heat exchange incorporated into a single 77 MWe unit. This is the first SMR model to receive approval from the U.S. Nuclear Regulatory Commission. The company offers a 12-module VOYGR-12 power plant capable of producing 924 MWe, as well as 4-module VOYGR-4 (308 MWe) and 6-module VOYGR-6 (462 MWe) plants and other configurations according to customer needs.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Japanese operator Tepco has completed the extraction of a second radioactive debris sample from the damaged Fukushima reactor, a critical technical step in a decommissioning project set to span several decades.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
TerraPower has informed the UK regulator of its intention to submit the Natrium reactor design for evaluation under the Generic Design Assessment (GDA) process, the first step toward international deployment of this nuclear technology.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
The restart of the Flamanville EPR reactor, initially scheduled for 17 April, has now been postponed to 21 April following extended maintenance operations, according to a statement from Électricité de France.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
Washington and Abu Dhabi pave the way for renewed civil nuclear cooperation, aiming to strengthen Emirati technological and energy capabilities within a complex regional strategic context.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF's plan to build a facility for recycling low-level radioactive metals in Fessenheim is raising significant concerns over health, economics and regulation.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Polskie Elektrownie Jądrowe has signed a development agreement with the Westinghouse-Bechtel consortium, ensuring continuity of Poland's first nuclear plant project after a previous contract expired.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.

Advertising