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Romania to be a guinea pig for NuScam’s small nuclear reactor folly

Romania’s NuScale SMR plan gets USD275 million boost WNN 22 May 2023

Funding of up to USD275 million to advance the deployment of a NuScale Power Corporation VOYGR small modular reactor (SMR) plant in Romania was announced at the G7 leaders’ summit by the USA and “multinational public-private partners” from Japan, South Korea and the United Arab Emirates.

……………… EXIM and the US International Development Finance Corporation also issued Letters of Interest for “potential financial support of up to USD3 billion and USD1 billion, respectively, for project deployment”. The announcement was part of the G7 Leaders’ plan to “mobilise USD600 billion in infrastructure investments under the Partnership for Global Infrastructure and Investment”.

……………………… John Hopkins, NuScale Power president and CEO, said: “Support from the Biden Administration and international partners is a signal to energy markets around the world that NuScale SMRs are an important new technology solution to global decarbonisation and that Romania has the capabilities and experience to support its deployment … we are thrilled public-private partnerships are helping deploy our leading SMR technology as soon as 2029.”………………..  https://www.world-nuclear-news.org/Articles/NuScale-s-Romanian-SMR-plan-gets-USD275-million-bo

May 24, 2023 - Posted by Christina Macpherson | 2 WORLD, marketing