3.
MESSAGE OF THE BOARD OF DIRECTORS
The
Board
of
Directors
of
the
National
Company
Nuclearelectrica
S.A.
expresses
its
satisfaction
with
the
financial
and
production
results
that
the
company
concluded
the
year
2021
with,
the
result
of
an
ingenious
and
efficient
management
across
all
company
levels,
which
aimed
at
maintaining
the
electricity
production
activity
at
a
high
level
of
performance,
the
use
with
professional
skill
of
the
energy
market
mechanisms
and
some
mart
financial
policies,
prioritizing
nuclear
security
in
all
decision-making.
Nuclearelectrica,
with
two
nuclear
reactors
in
operation,
provides
about
18
%
of
the
production
of
electricity
nationally
and
35
%
of
the
electricity
produced
without
greenhouse
gas
emissions.
Achieving
a
cumulative
capacity
factor,
Unit
1
plus
Unit
2,
of
91.61
%
in
2021,
under
the
difficult
conditions
imposed
by
the
Covid
pandemic,
compared
to
the
average
global
capacity
factor
of
80.3
%
achieved
in
2020,
is a particular factor of satisfaction.
Romania,
with
the
two
CANDU
units
in
operation,
has
avoided
so
far
the
release
of
about
170
million tons of CO2, while providing 33 % of the clean energy produced in Romania.
Currently,
Nuclearelectrica
has
ongoing
strategic
investment
projects
worth
an
estimated
Euro
9
billion,
including:
Refurbishment
of
Unit
1,
Project
of
Units
3
and
4,
development
of
small
modular
reactors
in
cooperation
with
NuScale,
but
also
support
projects
for
the
current
operation,
such
as
the
Tritium
Removal
Facility
or
the
production
of
Cobalt
60
for
medical
purposes.
SNN's
investment
projects
will
contribute
with
clean
energy
to
Romania's
energy
stability,
social
and
economic
development,
the
development
of
the
nuclear
industry
and
the
training of a new generation of specialists.
The
achievement
of
the
investment
projects
of
NC
Nuclearelectrica
SA
will
lead,
after
2031,
to
ensure
approximately
33
%
of
the
necessary
consumption
and
estimated
66%
of
energy
without
CO2
emissions
at
national
level,
as
well
as
to
avoid
the
release
into
the
atmosphere
of
approximately 24 million tons of CO2 annually.
Nuclear
power
continues
to
be
an
important
component
of
the
Sustainable
Recovery
Plan
of
the
International
Energy
Agency,
of
the
International
Monetary
Fund,
both
in
terms
of
lifetime
extension
programs,
new
constructions,
especially
in
the
field
of
small
modular
reactors,
nuclear
energy
being
irreplaceable
in
reaching
the
post-crisis
economic
growth
target
of
1.1
%
in
the
coming
years,
economic
support
by
creating
nine
million
new
jobs
and
reducing
the
emissions of CO2 by 4.5 billion tons by 2030, compared with their level in 2019.
Globally,
at
the
end
of
2020,
there
were
441
nuclear
reactors
in
operation,
with
a
combined
capacity
of
392
GWe.
Overall,
nuclear
reactors
have
generated
2553
TWh
of
electricity
worldwide
in
2020,
contributing
to
the
avoidance
of
the
emission
of
two
billion
tonnes
of
carbon
dioxide
equivalent,
which
would
have
been
produced
if
that
electricity
had
been
generated from coal-fired power plants.
Scientifically
substantiated
studies
and
analyzes
conclude
that
the
role
of
nuclear
power
is
essential
for
decarbonization,
both
through
the
fleet
of
high-capacity
reactors
and
complementary
to
new
technologies,
Small
Modular
Reactors
(SMR),
which
bring
extra