The Cabinet of Ministers at a meeting supported a decision that gives start to the procedure of transforming the state-owned company NAEK Energoatom into a joint stock company, the government portal reported with reference to Prime Minister Denis Shmygal on Tuesday.
“Energoatom is one of the largest operators of nuclear power plants in Europe, the company is strategically important for the energy security of the state. We`re bringing it in conformity with international standards of corporate management. At the same time the state retains 100% ownership of the plant,” he said.
According to Prime Minister, eventually it will increase the efficiency of management, will attract additional funds for implementation of new projects and will strengthen energy independence.
As reported, the Verkhovna Rada of Ukraine on February 6, 2023, supported the draft law 8067 on corporatization of the state-owned enterprise Energoatom, which provides for the transformation of Energoatom from a state-owned enterprise into a joint stock company with 100% state-owned shares.
Energoatom’s corporatization is envisaged by the loan agreement between the company and the European Bank for Reconstruction and Development (EBRD) and the guarantee agreement “Complex Generalized Safety Upgrade Program for Nuclear Power Plants,” ratified by the Supreme Council.
“Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates the Zaporizhzhya, South Ukraine, Rivne and Khmelnitsky plants, with 15 power units equipped with water-water power reactors, with a total installed electric capacity of 13.8 GW.
