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In a pioneering move towards renewable energy, Samsung C&T Corporation is partnering with NuScale Power Corporation, alongside four other entities, for the construction of small modular reactors (SMRs) in Romania, with operations anticipated to start in 2029.
Aside from NuScale Power, Samsung C&T will work with four other groups - Nuclearelectrica, a state-run nuclear power company; Nova Power & Gas, a power supplier in Romania; E-Infra Group, an infrastructure developer; and Fluor Enterprises, an engineering company based in the United States, for the said SMR project.
As per Business Korea, the installation of the small modular reactors in Romania comes as the country is pushing forward with the construction to replace its existing power plants located in the Dobresti area. It will now use SMRs based on NuScale’s technology, and the commercial operation of the facility is expected to start in 2029.
The signing ceremony for the MOU took place this week in Bucharest, Romania, and it was attended by top executives from each company involved. They have agreed to gather and use their respective resources in all aspects of the project - from the planning to licensing to the design, financing, and EPC (engineering, procurement and construction).
Moreover, Samsung C&T and the four other companies mentioned also made the commitment to cooperate actively for the expansion of NuScale technology-based SMR business in Europe and other regions where Romania will serve as the center. The South Korean construction and engineering company officially revealed the partnerships for the deployment of SMRs in Romania on Wednesday, June 14.
Korea Joongang Daily reported that through the agreement with Samsung C&T, Romania will supplant its existing coal-fired power plant with SMRs. Under the agreement, the company will install NuScale Power’s SMR modules with a combined capacity of 462 megawatt-hours. The project may also be extended in the future to include other European regions.
Photo by: Samsung/Wikimedia Commons (Public Domain)
