Business news from Ukraine

Business news from Ukraine

South Ukrainian City Council supported construction of complex for manufacture of fuel assemblies

The Yuzhnoukrainsk City Council unanimously supported the project of the National Nuclear Energy Generating Company Energoatom to build a technological complex for the manufacture of fuel assemblies, the company said, citing the decision.

The new production facility will be located in the Yuzhnoukrainsk community. According to Energoatom, the project is of strategic importance for Ukraine’s energy security and provides for:
strengthening the country’s energy independence;
reducing dependence on nuclear fuel imports;
stimulating economic development in the region and creating new jobs.
The company emphasized that the implementation of production will ensure the domestic manufacture of nuclear fuel components for Ukrainian reactors and will become part of the country’s long-term nuclear energy development strategy.
The launch of the complex is also expected to contribute to the development of Yuzhnoukrainsk’s infrastructure and increase the region’s investment attractiveness.
In July 2025, Energoatom and the American company Westinghouse signed a memorandum on the transfer of nuclear fuel production technology to Ukraine. The cost of the first stage of cooperation was estimated at approximately $20 million.
Energoatom is Ukraine’s largest power generation company, providing more than 55% of the country’s electricity production. The company has four operating nuclear power plants (Zaporizhzhia, South Ukraine, Rivne, and Khmelnytskyi).

 

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