November 18th, 2024

Canada signs $3-billion deal to finance nuclear power in Romania

By The Canadian Press on September 19, 2023.

Canada is helping finance two new nuclear reactors in Romania which that country's energy minister says will help diminish the ability of Russia to use its energy exports as a weapon. Energy and Natural Resources Minister Jonathan Wilkinson answers a question during question period in the House of Commons on Parliament Hill in Ottawa on Tuesday, Sept. 19, 2023. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA – Canada is helping to finance two new nuclear reactors in Romania, which that country’s energy minister says will help diminish Russia’s ability to use its energy exports as a weapon.

Canadian Energy Minister Jonathan Wilkinson signed the $3-billion deal with his Romanian counterpart, Sebastian Burduja, in Ottawa today.

The Canadian financing is limited to what Romania’s nuclear operator spends to buy equipment and expertise from Canadian companies.

Burduja says the deal is partly about climate change, because it will help ease Romania’s need to burn coal to make electricity.

But he says it is first and foremost about adding new non-Russian energy sources, and Romania is in talks to share with other countries in the region to ease their reliance on Russia, too.

Two Canadian-made Candu reactors already account for one-quarter of Romania’s electricity supply and the two additional reactors will increase that to almost one-third.

This report by The Canadian Press was first published Sept. 19, 2023.

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