South Korea’s state-owned Korea Hydro and Nuclear Power Company (KHNP) has announced the formation of a consortium with Canada’s Candu Energy and Italy’s Ansaldo Nucleare for the refurbishment of Unit 1 at the Cernavodă nuclear power station in Romania.

Refurbishment of the Canada-designed 650-MW Candu 6 unit would see its operating life extended by 30 years until 2060.

Romanian nuclear operator Nuclearelectrica has estimated the cost of refurbishment at $1.95bn (€1.85bn), excluding financing costs and inflation rates.