Nuclearelectrica signs loan agreement

Nuclear power producer Nuclearelectrica, which operates the Cernavoda nuclear power plant, has signed a loan agreement with Euratom, under which it will get 223.5 million euros to complete the plant’s Reactor 2 and put it into service. Nuclearelectrica has furthermore signed a financial consulting deal with Deloitte & Touche for the project to complete Reactor 3 of the Cernavoda power plant. The loan will fund the implementation of the recommendations made by the nuclear security assessment report and by the environmental impact survey, according to the Economy Ministry. Finance Minister Mihai Tanasescu signed the agreement, which guarantees the loan supplied by the European Union through Euratom, backed by sovereign guarantees from the Romanian State. ZF