Yes. There are great opportunities for the Canadian supply chain.
Romania is currently in the FID position. We're looking toward reaching the final investment decision at Cernavoda 3 and 4. Of course, a decision was made in Romania a number of years back to build Cernavoda 1 and 2. Cernavoda 1 is now due to be refurbished, and work is under way at Candu to refurbish that plant for another 30 to 35 years. As mentioned, Cernavoda 2 is the top operating plant of the 440 nuclear plants operating around the globe today, with a capacity factor of over 94%.
Canada's supply chain is going to benefit massively. The components for these plants are largely going to come from Canada. For each refurbishment that happens, about 70% of the work will come back to Canada. That will be the case with Cernavoda 1, when we start our work there. For Cernavoda 3 and 4, we could see 70% of the components coming from Canada, which means that our supply chain, which is already the envy of many nations around the world, will grow.
With the policy certainty that comes from having the final investment decision—I hope we'll reach it later this year—there will be an opportunity for our supply chain partners, such as BWXT, Velan, L3Harris and many others in our supply chain to scale up and create even more jobs to meet the demand that's going to come from the Romania project.