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South Korea's KHNP says consortium wins $1.98 billion nuclear power plant refurbishment project in Romania

Published by Global Banking & Finance Review

Posted on December 19, 2024

1 min read

· Last updated: January 27, 2026

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KHNP Secures $2 Billion Deal for Romanian Nuclear Plant

SEOUL (Reuters) - South Korea's nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) said on Thursday its consortium had won a project worth about 1.9 billion euros ($2 billion) to refurbish a nuclear power plant in Romania.

KHNP said in a statement it had signed the contract to refurbish Cernavoda Nuclear Power Plant's Unit 1, which aims to ensure the operation of the unit for another lifecycle.

($1 = 0.9617 euros)

(Reporting by Joyce Lee; Editing by Peter Graff)

Key Takeaways

  • KHNP leads a consortium for a $2 billion nuclear project.
  • The project involves refurbishing Cernavoda Nuclear Plant's Unit 1.
  • The refurbishment aims to extend the plant's lifecycle.
  • The contract strengthens South Korea's nuclear industry presence.
  • The deal is valued at approximately 1.9 billion euros.

Frequently Asked Questions

What is the main topic?
The article discusses KHNP's $2 billion contract to refurbish a nuclear power plant in Romania.
Who is involved in the project?
Korea Hydro & Nuclear Power (KHNP) leads the consortium for the refurbishment project.
What is the project's goal?
The project aims to extend the operational lifecycle of Cernavoda Nuclear Power Plant's Unit 1.

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