Nuclearelectrica, NuScale Power, E-INFRA, Nova Power & Gas, Fluor Enterprises and Samsung C&T Corporation sign a Memorandum of Understanding to collaborate in the deployment of NuScale VOYGR™ Power Plants in Central and Eastern Europe and Romania
Bucharest, June 13th, 2023
Nuclearelectrica, NuScale Power, E-INFRA, Nova Power & Gas, Fluor Enterprises and Samsung C&T Corporation signed today, June 13th, 2023, a Memorandum of Understanding to collaborate in the deployment of NuScale VOYGR™ Power Plants in Central and Eastern Europe and Romania.
The Memorandum of Understanding brings together world class expertise and valuable experiences focused on potentially expanding and developing SMR deployment in Central and Eastern Europe and at the former coal-fired power plant in Doicesti Romania.
The combined expertise of Nuclearelectrica, NuScale Power, E-INFRA, Nova Power & Gas, Fluor Enterprises and Samsung C&T Corporation will provide support for SMR deployment and implementation of NuScale’s small modular reactor (SMR) power plant in critical areas of development such as: project planning, licensing, permitting, engineering, procurement, construction, operation, maintenance, decommissioning, financing and local resources capitalization, thus enabling regional SMR like-minded states to benefit from the experience and deploy SMRs safely and in line with the national energy needs.
“The SMR deployment is an unprecedented international cooperation effort entirely dedicated to meet energy and decarbonization need. The SMR project will ensure energy security, local and regional development, former coal-based facility repowering, and will bring multiple economic and social benefits. From financing support to technical support, SMR deployment, in Romania and internationally, benefits from the joined effort of highly experienced and skilled states and organizations. We are proud that, based on Nuclearelectrica’s 26 years of recognized performance, Romania won the trust of our international partners and is part of the global nuclear elite working together to meet energy security and decarbonization demands”-Cosmin Ghita, Chief Executive Officer, Nuclearelectrica.
“First and foremost, I am honored to participate in the Romanian SMR project with such outstanding partners in the global nuclear industry. For Romania and Europe to accomplish energy conversion and the carbon-neutral 2050 goal, I believe the Romanian SMR project is a very important first milestone. Samsung C&T is successfully carrying out the UAE Barakah Nuclear Power Plant project, which is Korea’s first nuclear power plant export, and Saeul Nuclear Power Plants 3 and 4 in the Republic of Korea. Based on our more than 30 years of experience in the nuclear power industry, we are winning the confidence of international partners. We are pleased to be a part of this initiative and will do our best to succeed.” – Se Chul Oh, President & Chief Executive Officer, Samsung C&T Corporation.
“NuScale is excited to continue our collaboration with our partners to advance the deployment of our leading SMR technology to Central and Eastern Europe and in particular in Romania with the Doicesti project” said John Hopkins, NuScale Power President and Chief Executive Officer. “Partnerships like those announced today are critical for SMR deployment and in meeting our global decarbonization goals”.
“We deeply appreciate the sheer magnitude of the collaborative national and international efforts undertaken to develop the SMR project in Doicești, Romania, bringing together multiple knowledges and experiences. The former coal-based power plant will be restaured as a modern carbon-free facility, enabling socio-economic development locally and strengthing European energy security. As we embark on this remarkable journey, guided by a shared vision of clean energy, we are confident in our ability to shape a future that is sustainable, secure, and prosperous for all”, declared Teofil Mureșan, Chief Executive Officer, E-INFRA.
“We look forward to collaborating with Nuclearelectrica, NuScale Power, Nova Power & Gas, and Samsung C&T Corporation on this important initiative to provide clean and reliable baseload power to central and eastern Europe,” said Jim Breuer, group president of Fluor’s Energy Solutions business. “When complete, the Doicesti facility will be capable of producing up to 462 megawatts. With this project, Romania will become a leader in progressing Europe’s all-important energy security and decarbonization goals.”. Fluor, along with NuScale, was selected to provide front-end engineering and design to bring this project to fruition.
Romania is the second country in the world after U.S. and the first in Europe to join the drive for energy independence with one of the most advanced nuclear energy technologies, NuScale’s innovative SMR technology. In this context, Romania will gain a leading position and multiple socio-economic benefits including a hub for supporting the production and assembly of SMR components, a training and education center for future operators and specialists, and a catalyst for the implementation of SMRs in the region and a preferred operator for the following SMRs projects that come after.
SMR Project in Romania will provide more than 190 permanent jobs, and more than 1,500 construction jobs, and 2,300 production jobs. Thousands more jobs will be generated by companies interested in investing in the area because they will have access to a clean, stable, affordable, constant source of energy. The SMR plant in Doicesti will support industrial activity in the area, which will develop the region through taxes to the state and local budget, investments in communities.
“Nuclear power is a safe, affordable and clean source of energy, available 24/7, with extensive operational experience, which has been helping to decarbonize economies around the world for more than half a decade and currently supplies more than 10% of the electricity consumed worldwide and approximately 20% in Romania.
We are proud to be aligned with the most notable international efforts in order to supply Romania at the end of this decade with 66% of its total clean energy through nuclear energy” – Cosmin Ghita, Chief Executive Officer Nuclearelectrica.
The National Company “Nuclearelectrica” SA is the national Romanian company which produces electricity, heat and nuclear fuel operating under the authority of the Romanian Ministry of Energy, with the Romanian state holding 82.49% of shares and other shareholders holding 17.50%, after the listing of the company at the stock exchange in 2013.
SNN operates through Cernavoda NPP two CANDU nuclear units, which are two of the most high-performance units among the more than 400 nuclear plants in the world, a nuclear fuel factory and it has completed integrated fuel cycle through the procurement of a uranium concentrate processing line, in order to support the long-term investment projects of the company.
Nuclearelectrica has a major role at the national level, contributing by more than 18% of the nuclear energy in the total energy production and by 33% in the total CO2-free energy production in Romania.
About NuScale Power
NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The company’s groundbreaking VOYGR™ SMR plants are powered by the NuScale Power Module™, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output.
As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications.
E-INFRA is a private Romanian group of companies, active in the fields of energy and civil infrastructure, with over 26 years of a successful track record in delivering large-scale projects, both nationally and internationally. ENFRA Group has been involved in the development and implementation of major infrastructure projects, demonstrating high-quality results.
E-INFRA is the holding Group of 5 companies: Nova Power and Gas – Power production, electricity & natural gas supply energy and gas trading, natural gas distribution infrastructure, Electrogrup – General EPC, infrastructure turn-key projects professional services, Direct One – fiber optic infrastructure and data carrier services, Netcity – Bucharest underground fiber-optic telecom infrastructure, WESEE- Turn-key & maintenance services for wind parks.
About Nova Power & Gas
Nova Power & Gas is a Romanian private company, active on electricity and natural gas market since 2007. Besides being a distributor and supplier of electricity and natural gas, Nova is a green energy producer, with focus on developing renewable power-plants. Nova Power & Gas is a member of E-INFRA, a Romanian infrastructure group specialized in energy, civil and telecom projects.
About Fluor Enterprises
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 40,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. In 2022, Fluor was ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years.
About Samsung C&T Corporation
Samsung C&T’s Engineering & Construction Group has more than 40 years of engineering and construction experience operating throughout the world. The group focuses on the following key area: commercial and residential building, civil infrastructure and plant installation and construction. Its landmark projects includeee Burj Khalifa – the world’s tallest building, and the UAE’s 5,600MW Barakah Nuclear Power Plant Project.
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