National Nuclear Generating Company Energoatom has signed an export contract with the Moldovan state company Energocom, according to which it plans to supply 85,200 MWh of electricity to Moldova in June at a price of $77 per 1 MWh.
Energoatom has great potential to increase the production of electricity, so its export to Moldova, and subsequently to the neighboring EU countries, is an extremely promising area of the company’s trading activities,” the company said on its Telegram channel on Friday.
At the same time, thanks to the export, Energoatom will receive an additional source for financing of public service obligations (PSO), according to which the population is supplied with electricity.
As Energoatom said, Ukrainian exports will allow Moldova to diversify electricity supplies and strengthen the country’s energy security, since its power consumption largely depends on generation at the Moldavskaya State District Power Plant of Russia.
According to the results of daily auctions, on June 4 and on June 5, Energoatom bought 150 MW of interstate section towards Moldova on a flat schedule, another 200 MW on a flat schedule was bought by PJSC Ukrhydroenergo, which has been exporting electricity to Moldova since May 12.
Energoatom and American Westinghouse signed an agreement on the supply of nuclear fuel to all nuclear power plant (NPPs) in Ukraine on June 2 at the site of Khmelnytsky NPP, the company told Interfax-Ukraine on Friday.
“In connection with the refusal to purchase Russian nuclear fuel, Energoatom agreed with its strategic partner, Westinghouse, to increase the supply of American nuclear fuel for all Ukrainian nuclear power plants,” the company said.
We are talking about both the supply of nuclear fuel for existing nuclear power units, and for those that Energoatom and Westinghouse are still planning to build in Ukraine.
Fuel deliveries will be made from Westinghouse’s production site at Västerås in Sweden.
“At the same time, production of fuel assembly components will be carried out in Ukraine on the basis of one of the separate divisions of Energoatom, which is currently completing the qualification for production of assemblies for Westinghouse fuel,” the company emphasized.
In addition, on June 2, Energoatom and Westinghouse signed two more agreements at Khmelnytsky NPP: on increasing the number of nuclear power units to be built using the AP 1000 technology in Ukraine from five to nine units, and on establishing the Westinghouse engineering and technical center in Ukraine.
ENERGOATOM, NUCLEAR FUEL, UKRAINIAN NUCLEAR POWER PLANTS, WESTINGHOUSE
The Cabinet of Ministers of Ukraine by resolution No. 430-r dated May 31, 2022 appointed Petro Kotin President of Energoatom.
The text of the document is posted on the government portal.
As reported, Kotin has so far served as interim president of the company, effective April 2, 2020. Prior to that, he worked as the general director of Zaporizhia Nuclear Power Plant, a separate subdivision of Energoatom.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electrical capacity of 13,835 GW.
As reported, the Cabinet of Ministers at its meeting on May 31 canceled the competitive selection of managers, chairmen of executive bodies and members of supervisory boards of economic entities in the public sector of the economy for the period of martial law.
The state-owned enterprise NNEGC Energoatom has raised a UAH 1.5 billion loan from Ukreximbank (Kyiv) to purchase fresh nuclear fuel from Westinghouse in 2022.
“The borrowed funds will make it possible to increase the purchase of American fuel and ensure the efficient operation of power units of Ukrainian nuclear power plants after the rejection of Russian nuclear fuel,” the NAEC said in a statement.
As reported, Energoatom, at the beginning of a full-scale Russian military aggression, announced a complete refusal to purchase Russian-made nuclear fuel.
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 electric capacity of 13.8 GW.
Negotiations on a possible increase in purchases of uranium from the British Urenco Group were recently held with its responsible leaders by the head of the SE NNEGC Energoatom Petr Kotin, the company said on its Telegram channel on Monday.
“He (Kotin) said that any cooperation with the aggressor country, including the purchase of Russian uranium concentrate, is unacceptable for Ukraine, so Energoatom is ready to consider increasing purchases from Urenco,” the NAEK said.
Urenco Group specializes, in particular, in uranium enrichment (according to gas centrifuge technology), which is one of the technological cycles in the production of nuclear fuel for nuclear power plants. The company owns uranium enrichment facilities in Germany, the Netherlands, Great Britain and the USA and supplies fuel for nuclear power plants in 15 countries around the world with a global share of about 29% in the global market for uranium enrichment services.
National Nuclear Generating Company Energoatom (NNGC) urged participants in the electricity market to fulfill their obligations under contracts for its purchase and sale.
“It is important to continue to fulfill obligations under electricity purchase and sale agreements and take a prudent approach to intentions to declare force majeure circumstances when they are fulfilled. We must be united like never before and support each other in this difficult time,” the NNGC said in a statement.
Energoatom is the operator of all four operating nuclear power plants in Ukraine. It operates 15 power units equipped with water-cooled power reactors with a total installed electrical capacity of 13,835 GW.
