Business news from Ukraine


National Nuclear Generating Company Energoatom in January-September 2018 saw UAH 2.067 billion of net profit compared with UAH 473.602 million of net loss a year ago.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, in January-September 2018, its net revenue totaled UAH 31.484 billion, which is 9% more than a year ago (UAH 28.891 billion), and gross profit of Energoatom grew by 59.4% or UAH 2.719 billion, to UAH 7.295 billion.
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.



National Nuclear Generating Company Energoatom plans to fully load Westinghouse fuel to four reactors of Zaporizhia nuclear power plant (NPP) in 2019-2021, the press service of the company reported after a meeting of the panel for the installation of Westinghouse fuel assemblies at Ukrainian NPPs. It is planned that in 2019-2021, the active zones of the first, third, fourth and fifth reactors of Zaporizhia NPP will completely have U.S. nuclear fuel. The second and sixth reactors of Zaporizhia NPP are planned to continue to be operated using only Russian nuclear fuel,” the press service said.
The press service said that in 2016, Westinghouse nuclear fuel (one fourth of the total volume, three fourth was the Russian fuel) was loaded into the active zone of the fifth reactor of Zaporizhia NPP. In June 2017, another batch of Westinghouse fuel was added to this reactor, after which its quantity in the active zone reached a half.
In September-October 2017, Westinghouse fuel (one fourth of the total volume for each reactor) was loaded into the active zones of the first, third and fourth reactors of Zaporizhia NPP.
According to the company’s plans, in 2018 it is planned to increase the loading of Westinghouse fuel to the core of the fifth reactor with to three fourth of the total volume, and the first and third reactors to a half. Loading of the next batch of Westinghouse fuel into the active zone of the fourth reactor of Zaporizhia NPP is planned for 2019 in connection with the performance of works to extend the life of this facility.

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National Nuclear Generating Company Energoatom expects the Cabinet of Ministers of Ukraine soon to approve documents for a tender to attract a partner in the project on the creation of the Ukraine-EU Energy Bridge, Energoatom’s press service has reported, referring to the company’s president, Yuriy Nedashkovsky. “We expect in the near future the approval by the Cabinet of Ministers of the tender documentation, which is needed to hold a tender to determine a private partner for the Ukraine-EU Energy Bridge project. One of the points of the documentation is the procedure for allowing Energoatom to access the interstate electricity market for 20 years, which will ensure unhindered exports of electricity,” the press service quoted Nedashkovsky as saying after a meeting with co-owner of Kulczyk Investments Dominika Kulczyk.
Kulczyk, in turn, assured Energoatom’s leadership that the energy bridge project is a priority for Kulczyk Investments.
Earlier reports, referring to the Ukrainian Energy and Coal Industry Ministry, said that Westinghouse Electric Sweden AB, Polenergia International S.àr.l. and EDF Trading Limited, a consortium of companies, planned to participate in the project to establish the Ukraine-EU Energy Bridge.
The Ukraine-EU Energy Bridge project envisages the organization of transmission from reactor two of Khmelnytsky NPP to the European power grid. The funds that will be received from exports of this electricity will be used to finance construction of reactors three and four of the NPP. The decision to implement a pilot project entitled “Ukraine-EU Energy Bridge” was made by the government in June 2015.

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