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    1. Home
    2. >Finance
    3. >South Korea's KHNP says consortium wins $1.98 billion nuclear power plant refurbishment project in Romania
    Finance

    South Korea's Khnp Says Consortium Wins $1.98 Billion Nuclear Power Plant Refurbishment Project in Romania

    Published by Global Banking & Finance Review®

    Posted on December 19, 2024

    1 min read

    Last updated: January 27, 2026

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    Quick Summary

    KHNP wins a $2 billion contract to refurbish Romania's Cernavoda Nuclear Plant, aiming to extend its operational lifecycle.

    KHNP Secures $2 Billion Deal for Romanian Nuclear Plant

    SEOUL (Reuters) - South Korea's nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) said on Thursday its consortium had won a project worth about 1.9 billion euros ($2 billion) to refurbish a nuclear power plant in Romania.

    KHNP said in a statement it had signed the contract to refurbish Cernavoda Nuclear Power Plant's Unit 1, which aims to ensure the operation of the unit for another lifecycle.

    ($1 = 0.9617 euros)

    (Reporting by Joyce Lee; Editing by Peter Graff)

    Key Takeaways

    • •KHNP leads a consortium for a $2 billion nuclear project.
    • •The project involves refurbishing Cernavoda Nuclear Plant's Unit 1.
    • •The refurbishment aims to extend the plant's lifecycle.
    • •The contract strengthens South Korea's nuclear industry presence.
    • •The deal is valued at approximately 1.9 billion euros.

    Frequently Asked Questions about South Korea's KHNP says consortium wins $1.98 billion nuclear power plant refurbishment project in Romania

    1What is the main topic?

    The article discusses KHNP's $2 billion contract to refurbish a nuclear power plant in Romania.

    2Who is involved in the project?

    Korea Hydro & Nuclear Power (KHNP) leads the consortium for the refurbishment project.

    3What is the project's goal?

    The project aims to extend the operational lifecycle of Cernavoda Nuclear Power Plant's Unit 1.

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