Romania announces one billion euro investment in nuclear energy

Romanian energy minister Constantin Nita announced the government will start a one billion euro investment in building a new type of nuclear reactor.

The investment will cover a 15 to 20 years period and will be implemented at Mioveni, Arges County, where the car maker Dacia, Romania’s main exporter, has its manufacturing plant.

Nita said the project will be based on European funds. “The government supports this project and we hope we will find financing sources in the period to come, both internal and from European funds,” Nita told a news conference.

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