Nuclearelectrica announced an €800 million loan approval from the European Investment Bank on July 16, 2026. This funding supports the refurbishment of Unit 1 at the Cernavodă nuclear power plant.
The total project cost is estimated at €1.9 billion. This refurbishment aims to extend the operating life of Unit 1 by 30 years.
Nuclearelectrica shareholders must still approve the loan agreement. Reports of the financing were published on July 17, 2026.