DG ECFIN is responsible for granting Euratom loans for financing investment projects in nuclear installations.
The European Atomic Energy Community, Euratom, gives loans to finance investment in nuclear installations for the industrial production of electricity or the nuclear fuel cycle in Member States. It also gives loans to finance projects for improving nuclear safety in certain non-Member States, including the dismantling of nuclear power stations that cannot be upgraded.
In the last few years, Euratom loans have been granted to three projects: the safety upgrade of the Kozloduy Power Plant Units 5 and 6 in Bulgaria, the completion of Cernavoda Power Plant Unit 2 in Romania, the safety upgrade of Khmelnitsky Power Plant Unit 2 and Rovno Power Plant Unit 4 in Ukraine and the Safety Upgrade Program of Power Units of Nuclear Power Plants in Ukraine.
A Commission proposal to increase the EUR 4 billion borrowing ceiling for such operations was requested by the European Council once the committed outstanding lending amounts will have reached EUR 3.8 billion.