Italy’s Ansaldo Energia has signed an agreement to carry out work to extend the life of Unit 1 at the Cernavodă nuclear power station in Romania as part of a consortium with Canada’s Candu Energy and South Korea’s Korea Hydro & Nuclear Power.
The company said it had secured a financing line of up to €2bn ($2.1bn) from state export credit agency Servizi Assicurativi del Commercio Estero (Sace).
The memorandum of understanding with Romania’s state nuclear operator Nuclearelectrica was signed as Romanian prime minister Marcel Ciolacu travelled to Rome for a bilateral summit.