On July 25, at the office of the State Nuclear Regulatory Inspectorate of Ukraine (SNRIU), DIARU), the official transfer of permits to JSC NAEK Energoatom for the performance of organizational and administrative functions related to ensuring the nuclear and radiation safety of Ukrainian nuclear power plants, as well as the Centralized Spent Fuel Storage Facility (CSFSF), took place.
“This stage is part of the company’s reorganization – changing its form of governance from a state-owned enterprise to a joint-stock company,” the company said on Friday.
The licenses were handed over to Energoatom’s head, Petro Kotin, by the head of the State Nuclear Regulatory Inspectorate, Chief State Inspector for Nuclear and Radiation Safety, Oleg Korykov.
He noted that the SNRIU team had conducted inspections of all nuclear facilities and nuclear power plant sites and had given a positive assessment of Energoatom’s ability to comply with safety requirements, standards, and regulations, as well as the terms of the licenses.
“Obtaining licenses to operate under the new status confirms that Energoatom retains its full powers and ensures the continuous operation of nuclear power units,” emphasized the head of Energoatom.
The changes to the licenses were made in line with the law “On the Joint Stock Company National Nuclear Energy Generating Company Energoatom” and the Cabinet of Ministers’ resolution No. 1420 of December 29, 2023. “On the establishment of the joint-stock company ”National Nuclear Energy Generating Company “Energoatom.”
Currently, Energoatom operates nine power units at the South Ukraine, Rivne, and Khmelnytskyi NPPs with a total capacity of 7,880 MW. All of them are located in territory controlled by Ukraine.
The Zaporizhzhia Nuclear Power Plant, with six VVER-1000 power units with a total capacity of 6,000 MW, has not been producing electricity since September 11, 2022, following its occupation on March 3-4, 2022.
NAEK Energoatom and Holtec International signed an agreement on the margins of URC-2025 in Rome, which provides for the construction of a plant for the production of small modular reactors (SMR) and spent nuclear fuel (SNF) containers using Holtec technology, Energoatom head Petr Kotin said.
“The agreement with Holtec is also a forward-looking agreement. It fixes what we plan to do with them. This is a plant to produce SMRs in Ukraine using their technology. They also transfer to us the technology of production of SNF containers,” Kotin said in comments to Interfax-Ukraine after signing the document.
He recalled that Holtec technology was used to build the Centralized Spent Nuclear Fuel Storage Facility (CSNFSF), which constantly needs new containers for it.
“Containers are needed all the time for spent fuel. They are now produced in the United States, and later we will produce them in Ukraine. It will be cheaper,“ – explained the head of ”Energoatom”.
As reported, Energoatom and Westinghouse on the margins of URC-2025 in Rome finalized agreements on the production in Ukraine of nuclear fuel using the technology of the American company.
“We signed a memorandum that consolidates everything that has already been done with Westinghouse (…). And this was just the summarizing part of the documents,” Kotin said in comments to Interfax-Ukraine after signing the memorandum.
Ukraine has not bought nuclear fuel from Russia since 2020 and has also refused to buy spare parts for nuclear reactors.
In June 2022, Energoatom and Westinghouse signed an agreement to supply nuclear fuel for all Ukrainian nuclear power plants.
The CCNF is an autonomous nuclear facility designed for long-term storage of spent nuclear fuel from the Pivdenno-Ukrainian, Khmelnytsky and Rivne NPPs, which until 2021 was exported to Russia for storage and reprocessing, costing Ukraine about $200 million annually. Fuel from these NPPs was supposed to be received by the Central Nuclear Fuel Storage Facility from April 2022, but the war corrected these plans, and the fuel was stored at the plants themselves until 2023, when its pilot operation began.
In the first quarter of 2025, JSC NAEK Energoatom paid UAH 12.6 billion to the Ukrainian budget in the form of taxes, mandatory payments, and a single contribution to compulsory state social insurance.
“This is UAH 5.7 billion more than in the same period of 2024,” the company said on its Telegram channel.
In turn, according to Energoatom’s financial results for the first quarter of 2025, published by MP Oleksiy Kucherenko on Facebook, NAEK’s net income from the sale of products (goods, works, services) in January-March reached UAH 77 billion, with the cost of production amounting to UAH 17.6 billion and gross profit amounting to UAH 59.4 billion.
As reported with reference to Kucherenko, according to the results of the first quarter of 2025, Energoatom received UAH 12.15 billion in net profit. He also recalled that at the end of 2024, Energoatom recorded UAH 1.3 billion in net profit.
According to the report of the Temporary Investigation Commission (TIC) of the Council on Possible Violations in the Tariff Policy in the Energy Sector for the six months of its activity, the current electricity tariff for the population of 4.32 UAH/kWh provides Energoatom with additional undistributed profit and depreciation in the amount of 0.99 UAH/kWh, which is about 49 billion UAH per year.
Members of the TSC believe that the level of electricity prices for the population set by the Cabinet of Ministers of Ukraine as of May 2024 fully corresponds to the economically justified level.
On May 14, the Verkhovna Rada took note of the TSC’s report on the investigation of possible violations of Ukrainian law in the formation and implementation of pricing and tariff policy in the energy and utilities sectors during its six months of activity.
By a corresponding resolution, the Rada extended the work of this Temporary Commission for a period determined by parliament (one year from the date of its establishment) and decided to hear its report on the work done at a plenary session by October 30, 2025. The Temporary Commission was established by a resolution of the Verkhovna Rada on October 30, 2024.
In 2024, Energoatom paid UAH 145.35 billion for PSO services (provisions on the imposition of special obligations – IF-U), allocating 58% of its net income to this purpose.
According to the results of the first quarter of 2025, JSC “NAEK ‘Energoatom’ received UAH 12.15 billion in net profit, said the head of the Temporary Investigation Commission (TIC) of the Verkhovna Rada on violations in the tariff policy in the energy sector, People’s Deputy Oleksiy Kucherenko, referring to the company’s financial statements on Facebook.
“In addition, the amount of depreciation accrued for the first quarter of 2025 amounted to UAH 5.7 billion. Thus, a total of almost UAH 18 billion was allocated for distribution in the first quarter,” he wrote.
According to Kucherenko, of the UAH 18 billion, about UAH 3-4 billion was allocated for capital investments, and the remaining UAH 14 billion requires separate justification for its distribution.
“That is, for the first quarter of 2025 alone, UAH 14 billion already requires justification for its further distribution,” he said.
As the head of the TSC recalled, at the end of 2024, Energoatom recorded a net profit of 1.3 billion hryvnia.
“The result of the TSC’s work (requests sent, working hearings held, meetings) was that, already during the commission’s work, the management of energy companies began to realize the risks of manipulating financial reporting indicators,” Kucherenko said.
As reported with reference to the report of the Temporary Investigation Commission headed by him, the current electricity tariff for the population of 4.32 UAH/kWh provides Energoatom with additional undistributed profit and depreciation in the amount of 0.99 UAH/kWh, which is about 49 billion UAH per year.
Members of the Temporary Investigation Commission believe that the price of electricity for the population set by the Cabinet of Ministers as of May 2024 is fully in line with economically justified levels.
On May 14, the Verkhovna Rada took note of the TSC’s report on the investigation of possible violations of Ukrainian legislation in the formation and implementation of pricing and tariff policy in the energy and utilities sectors during its six months of operation.
By a corresponding resolution, the Rada extended the work of the Temporary Commission for the period specified by parliament (one year from the date of its establishment) and decided to hear its report on the work done at a plenary session by October 30, 2025. This Temporary Commission was established by a resolution of the Verkhovna Rada on October 30, 2024.
In 2024, Energoatom paid UAH 145.35 billion for PSO services (provisions on the imposition of special obligations – IF-U), allocating 58% of its net income to this purpose. The company’s net profit for the past year amounted to UAH 1.3 billion.
The net profit of NNEGC Energoatom JSC for 2024 amounted to UAH 1.3 billion, MP Oleksiy Honcharenko said on his Telegram channel on Tuesday.
“The Cabinet of Ministers of Ukraine has approved the results of Energoatom’s work for 2024: the company’s net profit is UAH 1.3 billion,” he wrote.
According to Honcharenko, all 100% of the profit will be used to cover the losses of previous years, and no dividends will be paid.
The government also confirmed the opinion of the independent auditor and approved the report on remuneration to the supervisory board.
As reported, Energoatom generated 53 billion kWh of electricity in 2024, which is 2% more than in 2023 and 12% more than in 2022.
In 2024, Energoatom allocated UAH 116.3 billion (excluding VAT) of its own funds, or 58% of its net income, to pay for PSO, i.e. to maintain fixed electricity tariffs for the population.
Last year, the company paid UAH 28.8 billion in tax payments to the budgets of all levels, which is 35% more than in 2023.
Currently, Energoatom operates nine power units at South Ukrainian, Rivne and Khmelnytsky NPPs with a total capacity of 7880 MW. All of them are located in the territory controlled by Ukraine.
Zaporizhzhia NPP with six VVER-1000 power units with a total capacity of 6,000 MW has not been generating electricity since September 11 of the same year after its occupation on March 3-4, 2022.
Energoatom has announced the actual completion of the splash pool construction project at South Ukrainian NPP, which will help increase electricity production at the plant.
“We have actually completed one of the priority areas of work – the construction of splash pools in full. Now we are putting them into operation, which will increase electricity production at existing facilities by reducing the temperature of the water in the reservoir, which we use to cool the condensers of NPP turbines,” said Energoatom CEO Petro Kotin during a working visit to the South Ukrainian Energy Complex on Tuesday.
According to him, the completion of the work will also help improve the environmental situation in the region where the plant is located.
Energoatom currently operates nine power units at South Ukraine, Rivne and Khmelnytsky NPPs with a total capacity of 7,880 MW located in the government-controlled territory.
Zaporizhzhia NPP with six VVER-1000 power units with a total capacity of 6,000 MW has not been generating electricity since September 11, 2022, after its occupation on March 3-4, 2022.
