Business news from Ukraine

WESTINGHOUSE, POLENERGIA, EDF WANT TO PARTICIPATE IN UKRAINE-EU ENERGY BRIDGE PROJECT – MINISTRY

8 September , 2017  

KYIV. Sept 9 (Interfax-Ukraine) – Westinghouse Electric Sweden AB, Polenergia International S.àr.l. and EDF Trading Limited, a consortium of companies intends to participate in the project on establishing the Ukraine-EU Energy Bridge, the press service of Ukraine’s Energy and Coal Industry Ministry has reported.
“The consortium consisting of Westinghouse, Polenergia and EDF has sent a concept note and the feasibility study for public private partnership in the project,” the ministry said.
The press service said that a working group for implementing the project, created under ministry order No. 660 dated October 17, 2016, has approved the conclusions after analyzing the efficiency of the implementation of the project and sent them to the Economic Development and Trade Ministry for approval. In addition, the profile section of the research and technical council of the Energy and Coal Industry Ministry endorsed the scheme for connecting reactor two of Khmelnytsky nuclear power plant (NPP) to the European power grid.
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.
As reported, the decision to implement a pilot project entitled “Ukraine-EU Energy Bridge” was made by the government in June 2015.
Earlier National Nuclear Generating Company Energoatom held negotiations on the project with Kulczyk Investments.