Business news from Ukraine

INTL CONSORTIUM TO MANAGE ENERGOATOM COULD BE CREATED IN MEDIUM TERM – ENERGY MINISTER

16 June , 2015  

KYIV. June 16 (Interfax-Ukraine) – Energy and Coal Industry Minister of Ukraine Volodymyr Demchyshyn has said that an international consortium to manage National Nuclear Generating Company Energoatom, the operator of Ukrainian nuclear power plants, could be created.

“Even Energoatom requires private investment, although control over nuclear security issues with a lot of many specific requirements should be retained during the management. Some shares could be sold to have a new and more effective owner who will help managing the asset. In the medium term outlook an international consortium to manage Energoatom with European and/or U.S. investors could be created,” he said in an interview with Forbes Ukraine.

He said that foreign investors are interested in Ukrainian energy, including electricity generation.

“There is a chance of realizing unique projects in the hydro-power sector… However, this is the prospect of not the coming year. The political situation in the country should stabilize,” he said.

Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.