State-owned enterprise National Atomic Energy Generating Company Energoatom has been transformed into a joint-stock company with 100% of its shares owned by the state, Cabinet of Ministers representative in the Verkhovna Rada Taras Melnychuk said in Telegram. According to him, the government decisions adopted on Friday provide for the establishment of Energoatom JSC, approval of its charter and provisions on the supervisory board and principles of its formation.
“It is established that the joint-stock company is the legal successor of all property and non-property rights and obligations of SE NAEK Energoatom from the date of state registration of the joint-stock company,” Melnychuk specified.
“Corporatization according to the best international standards will strengthen the quality of management, transparency and accountability of the company. It also opens up new opportunities for the development of our nuclear power industry and partnership with international companies,” – says the Prime Minister of Ukraine Denis Shmygal.
As reported, the plan to transform Energoatom into a JSC, 100% owned by the state, was approved by Government Order No. 571-r of June 27, 2023. The process should be completed by March 2024.
The start of the tender procedure for the election of members of the NAEK’s nabsoobet by November 30, 2023 and the transformation of the SOE into a JSC by December 31, 2023, in particular, is a condition for Ukraine to receive an additional $100 million in energy assistance.
“Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates the Zaporizhzhya, Pivdenno-Ukrainian, Rivne and Khmelnytskyi plants with 15 power units equipped with water-water power reactors, with a total installed electrical capacity of 13.8 GW. ZNPP with a capacity of 6 GW has been under the occupation of the Russian Federation since May 4, 2022.
In 2023, NNEGC Energoatom increased its revenue from electricity sales by 30% (by UAH 44 billion) compared to last year – up to UAH 190.7 billion, the company reported on its Telegram channel.
“Of these funds, more than UAH 124.4 billion was paid as part of the PSO, or in other words, to maintain low tariffs for the population,” the company said in a statement.
The company’s revenue quadrupled from 2020 (UAH 48.1 billion) to 2023. At the same time, over the same period, the growth in the cost of electricity production amounted to 26.6%.
In 2024, NNEGC plans to increase its revenue by one third compared to the current year – up to UAH 253.3 billion.
“Despite wartime, a significant reduction in electricity consumption and the loss of capacity at the temporarily occupied Zaporizhzhya NPP, we managed to implement a set of measures to improve the economic efficiency of Energoatom’s operations. This is what allows the state to maintain low electricity tariffs for the population,” NNEGC President Petro Kotin said in a statement.
NNEGC Energoatom and Holtec International plan to establish a joint venture to organize a production complex and a technology center in Ukraine to localize equipment for small modular reactors (SMR) of the American company.
According to NNEGC’s post on Telegram, the facility will house an engineering and design center, storage facilities for materials and component production, as well as training facilities, including an SMR simulator.
The production is expected to create thousands of jobs for qualified Ukrainian personnel.
“The introduction of advanced technologies and the construction of modern Holtec production facilities in Ukraine will be of great importance for the post-war economic recovery of our country. Cooperation with Holtec gives Ukraine the opportunity to become a leader in the global nuclear energy sector,” Energoatom President Petro Kotin was quoted as saying in the statement.
“We believe that Ukraine has demonstrated its ability to build and commission a powerful nuclear facility, despite the continuous barrage of Russian missiles. Therefore, Ukraine’s recovery can begin without waiting for the end of hostilities,” said Holtec President and CEO Dr. Chris Singh.
As reported, in November 2022, Ukraine and the United States announced a project to build an SMR in Ukraine. In addition to generating electricity using SMR and advanced electrolysis technologies, the country also plans to produce pure hydrogen and ammonia.
In April 2023, Energoatom and Holtec signed a cooperation agreement on SMR deployment, which envisages the construction of up to 20 SMR-160 light water reactors, with the implementation of the first pilot project and reaching the minimum regulated reactor power and grid connection by March 2029.
Holtec also announced plans to organize facilities in Ukraine to train personnel, transfer the necessary technologies, manufacture and maintain SMR equipment. “Ukrenergo has already recommended 16 TPP sites where they could be located.
State enterprise NAEK Energoatom on December 6 announced a tender for compulsory insurance of civil liability of business entities for damage that may be caused by fires and accidents at high-risk facilities, including fire-hazardous facilities and facilities whose economic activities may lead to accidents of environmental and sanitary-epidemiological nature.
As reported in the e-procurement system Prozorro, the expected cost of services is UAH 10,404 thousand.
Applications for participation in the tender are accepted until December 14.
On August 15, the state-owned enterprise NAEK Energoatom (Kyiv) announced a tender for compulsory motor third party liability insurance for owners of land vehicles (MTPL).
As reported in the Prozorro electronic public procurement system, the total expected cost is UAH 99,944 thousand.
The deadline for submitting tender documents is August 23.
On July 26, Energoatom (Kyiv) announced a tender for compulsory motor vehicle liability insurance for owners of land vehicles.
According to the Prozorro electronic public procurement system, the total expected cost is UAH 99.944 thousand.
The deadline for submitting documents for the tender is August 4.
