EIB approves EUR 800 mln loan for refurbishment of Romania's Cernavodă nuclear unit

17 July 2026 The European Investment Bank (EIB) has approved an EUR 800 million loan for the refurbishment of Unit 1 at Romania's Cernavodă nuclear power plant, providing a major financing boost for one of the country's largest strategic energy projects, state-owned nuclear producer Nuclearelectrica (BVB: SNN) announced on July 16. The total cost of the rehabilitation is around EUR 1.9 billion, and the preliminary phase of the project was already financed through a EUR 540 million loan signed in September 2025 with a banking syndicate led by JP Morgan SE. The financing was approved by the EIB's Board on July 15 and will require approval by Nuclearelectrica's shareholders before the company can sign the loan agreement. The project aims to extend the operating life of Unit 1 by another 30 ye