December 27 (SeeNews) - Nuclearelectrica, the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said it has signed a contract to borrow 145 million euro ($160.2 million) from the European Investment Bank (EIB).
The loan will finance the construction of a tritium removal facility at the Cernavoda NPP, Nuclearelectrica said in a filing with the Bucharest Stock Exchange on December 22.
Nuclearelectrica will repay the loan in equal semi-annual installments with a grace period of four years for the payment of principal installments.
In June, Nuclearelectrica signed a contract with Korea Hydro and Nuclear Power Corporation (KHNP) for the construction of a tritium removal facility worth 260 billion won ($200.7 million/181.7 million euro) at the Cernavoda NPP. The unit will be will be the world's third and Europe's first tritium removal facility, Nuclearelectrica said at the time.
The Cernavoda plant, located in southeastern Romania, has two reactors of 700 megawatts each, which meet roughly a fifth of the country's electricity needs.
Nuclearelectrica shares traded 0.2% higher at 49.2 lei ($10.93/9.89 euro) by 0956 CET on Monday on the Bucharest bourse.
($=0.9 euro)
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