Canada's Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC), through the Canadian Commercial Corporation (CCC) and Atkins Realis, has successfully inked a groundbreaking agreement with Romania. This transformative partnership, valued at over $780 million, marks a significant stride towards advancing energy security for both nations, fostering economic growth, and generating employment opportunities for Canadians.

At the heart of this collaboration lies the deployment of CANDU reactors, a cutting-edge technology that will play a pivotal role in assisting Romania's transition away from coal-fired power generation. Beyond the economic benefits, this transition is poised to make a substantial impact on environmental sustainability. By adopting CANDU reactors, Romania is projected to avert a staggering 8 million tonnes of carbon emissions annually. To put this into perspective, this reduction is equivalent to the emissions avoided by approximately 1.7 million cars each year.

This strategic move not only underscores Canada's commitment to clean and sustainable energy solutions but also showcases the global impact of Canadian innovation. As we continue to strengthen international partnerships, this agreement stands as a testament to the positive outcomes that result from collaboration, innovation, and shared commitment to a greener and more sustainable future.

We look forward to witnessing the positive outcomes of this agreement, both in terms of energy security for Romania and the creation of thousands of high-quality jobs for Canadians.