Candu Energy, CNPEC partner to build two Candu reactors in Romania
Candu Energy and China Nuclear Power Engineering Company (CNPEC) have signed a binding and exclusive cooperation agreement for the construction of CANDU Units 3 and 4 at the Cernavoda nuclear power plant in Romania.
Currently, Romania operates two CANDU 6 nuclear reactors, which entered service in 1996 and 2007, accounting for about 20% Romania's energy supply.
The agreement follows a letter of intent signed in November 2013 by CNPEC's parent company China General Nuclear Power Group (CGN) and Romanian utility Societatea Nationala Nuclearelectrica (SNN) for investment in and development of two additional nuclear units at the Cernavoda site.
Candu Energy president and CEO Preston Swafford said: "Candu Energy looks forward to working with CNPEC to meet Romania's growing nuclear energy requirements.
"This is an exciting opportunity to build on CANDU technology's international track record for the highest levels of safety, reliability and efficiency.
"Today's agreement deepens our strong ties with both the Romanian and Chinese nuclear industries, as CANDU reactors have operated in both countries for more than a decade."
"This project stands to make a meaningful contribution to Canada's economy and support highly-skilled jobs here at home. It demonstrates the tremendous export value of Canadian nuclear expertise,"
Image: Candu and CNPEC sign cooperation agreement for two Candu reactors in Romania. Photo: courtesy of xedos4 / Freedigitalphotos.net.