Canada has announced CAD3bn (€2bn, $2.2bn) in export financing to Romania’s state nuclear operator Nuclearelectrica towards the construction of two Candu reactors at the Cernavodă nuclear power station.
Natural Resources Canada, the government department responsible for energy, said the investment will support further Canadian jobs and business activity in Romania’s nuclear sector.
It said the construction of the two Candu-6 reactors will support economic activity across Canada’s nuclear sector and broader power sector while driving down emissions and helping Romania phase out coal power by 2032.