Westinghouse to Supply Fuel for Ukraine’s Nuclear Plants

Ukraine’s state nuclear company announced that it signed a fuel supply deal with the U.S. nuclear power company Westinghouse to end the country’s reliance on Russian supplies.

The agreement will also see Westinghouse increasing the number of new nuclear units it will build in Ukraine to nine from an earlier five, and the company will establish an engineering center in the country.

Ukraine currently has four working nuclear power stations, the largest of which, in Zaporizhzhia, fell under Russian control days after the Russian invasion was launched in February but it is still operated by Ukrainian technicians.

With the deal, Westinghouse will supply fuel to all of Ukraine’s nuclear plants.

Around a half of all Ukraine’s electricity comes from nuclear power and the country’s Energy Minister Halushchenko said in the future Ukraine could also be a supplier of electricity to Europe.

Halushchenko further stated that they would modernize their nuclear power units to produce clean, safe and reliable energy without any Russian input and influence.

Ukraine’s state atomic energy company Energoatom also denied reports that it might shut down the Zaporizhzhia plant if Kyiv loses control of operations at the facility.

Ukraine has repeatedly raised safety concerns about the plant since Russia’s invasion began on Feb. 24. On Friday, it warned that it was running out of spare parts.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Equinor Completed Its Exit from Canadian Oil Sands

Norwegian oil giant Equinor announced that it has completed its exit from the Canadian oil sands by selling its %18.8 share in Athabasca Oil Corp. it acquired three years ago. The Norwegian company said it sold 100 million shares in the Calgary-based company for 18 cents per share or $18 mn.

EU Asked Germany Not to Approve Chinese Investment in Hamburg Port

The European Commission had asked the German government last spring not to approve and investment by China’s Cosco into Hamburg Port. The Chinese shipping company made a bid last year to take a 35% stake in one of three terminals in Germany’s largest port.

Small Scale Aircraft Technology Takes Flight

Once considered only possible in science fiction, small scale aircraft development has been increasing at a rapid rate thanks to advances in technology.  

Stay informed

error: This content is protected !!