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Summary sheet

Release date
12 December 2025
Status
Reference
Under appraisal | 06/11/2025
20250452
Project name
Promoter - financial intermediary
NUCLEARELECTRICA CERNAVODA REHABILITATION
SOCIETATEA NATIONALA NUCLEARELECTRICA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 800 million
EUR 3200 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project will extend the operational life of Unit 1 at the Cernavoda Nuclear Power Plant. It will modernise the facility to enable operations for another full life cycle. The refurbishment will include replacing key components, upgrading systems and carrying out construction works.

The aim is to replace life-limiting components, modernise the facility, update the systems and upgrade safety measures to enable operations for another life cycle.

Environmental aspects
Procurement

The project has undergone an environmental impact assessment (EIA), which included public consultations and consideration of the transboundary context. The main potential impacts are primarily temporary and related to construction activities, such as air emissions, noise, dust, health and safety risks, hazardous materials and waste, and workers’ exposure to harmful substances. During the operational phase, potential impacts include thermal pollution, stress under drought conditions, and emissions during normal operation and accident scenarios. However, with mitigation measures in place, including good construction and operational practices, monitoring and remedial actions, the environmental effects are not considered significant. The project also offers environmental benefits by avoiding CO₂ emissions through continued stable baseload low-carbon electricity generation. The competent authority issued its decision in July 2025.

The promoter is a state-owned company operating in the utilities sector (electricity). The promoter shall ensure that contracts for implementation of the project have been tendered in accordance with the applicable EU public procurement legislation.

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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