Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Agreement between USTDA and Nuclearelectrica over grant


A grant agreement was signed on Wednesday between the Trade and Development Agency (USTDA) and the National Nuclearelectrica Company (SNN), the US Ambassador in Bucharest, Adrian Zuckerman, noting at the event that this is another step forward in strengthening the bilateral relationship between the two countries, in the energy field.

The grant is awarded for technical assistance in order to develop "Small Modular Reactor" (SMR) solutions in Romania.

The signing, which took place online, was attended by Cosmin Ghita, General Manager of Nuclearelectrica, and Todd Abrajano, General Manager and Operations of USTDA.

In this context, the US Ambassador spoke about the bilateral relationship in the energy field, underscoring that the signing of this agreement represents a very important step in strengthening bilateral cooperation in the energy field and, even more importantly, in Romania's economic development in the future.

He recalled the recently signed Memorandum of Understanding on cooperation in the field of civil nuclear energy. Zuckerman also spoke at length about the opportunities that Romania has, once it develops its energy sector.

At the same time, the US official also addressed the issue of Romania's energy independence.

"Today, with the financial support of the USTDA, we are taking the first step in preparing Romania's energy future. Today we are taking a step towards tomorrow's energy production technology. I think this is a good start for the much needed decarbonization in Romania's energy industry," Cosmin Ghita said in his turn.

The General Manager of Nuclearelectrica also spoke about future projects. "Not only are we working together on the Cernavoda project, started years ago, a project that was a standard of excellence for Romania, but we are also looking for the next place for the next Cernavoda," he said.

(Source photo: https://ro.usembassy.gov/