Business news from Ukraine

Energoatom is preparing for corporatization – President of enterprise

25 August , 2022  

President of the state enterprise NNEGC Energoatom Petr Kotin said that the company is preparing for corporatization and that the Ukrainian government has already submitted the relevant draft law on the specifics of the formation of the National Nuclear Energy Generating Company Energoatom to the Parliament.
As reported in the Energoatom Telegram channel, he informed the ambassadors of the G7 countries and other officials of foreign diplomatic missions about this during a meeting in Kyiv on Wednesday, August 24.
In addition, Kotin outlined plans for the development of Energoatom and the state of implementation of joint projects with the American company Westinghouse.
“We have put an end to any dependence on Russia, first of all, it concerns the rejection of its nuclear fuel, technologies, services and components. At the same time, we are strengthening cooperation with our long-term partner Westinghouse: we will purchase nuclear fuel for all Ukrainian nuclear power plants and build 9 new power units based on AP1000 technology,” he said.
As reported, in September 2021, Energoatom and Westinghouse signed a memorandum on the construction of five nuclear power units in Ukraine. At the beginning of June 2022, the companies signed agreements to increase the number of nuclear power units to be built using AP 1000 technology in Ukraine from five to nine units, and to establish the Westinghouse Engineering and Technology Center in the country.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. Operates Zaporozhye, South-Ukrainian, Rivne and Khmelnytsky stations with 15 power units equipped with water-cooled power reactors, with a total installed electrical capacity of 13.8 GW.

,