Romania rejects reassessment of controversial SMR project despite feasibility concerns

Romania's government has opted not to reconsider the development strategy for the country's flagship small modular reactor (SMR) project, despite mounting concerns from Nuclearelectrica's management over its technical and financial viability. The shareholders’ decision reflected in the company’s press release reflects conflicting views within the Ministry of Energy, temporarily supervised by acting prime minister Ilie Bolojan.

Shareholders of state-controlled nuclear power producer Nuclearelectrica (BVB: SNN) voted at the company's Ordinary General Meeting on July 15 against a proposal to reassess the SMR project based on NuScale technology and examine alternative reactor technologies and potential locations.