Westinghouse will expand fuel supplies to Ukrainian nuclear power plants

Westinghouse will expand fuel supplies to Ukrainian nuclear power plants

Westinghouse will expand fuel supplies to Ukrainian nuclear power plants

KYIV (Reuters) – Westinghouse Electric will expand fuel supplies to Ukrainian nuclear power plants in accordance with a contract signed Wednesday with the Ukrainian state-owned company Energoatom, the parties said. Currently, six out of 15 Ukrainian VVER-1000 reactors operate on Westinghouse fuel, and the seventh is due to switch to it next year, in accordance with previous agreements. The new contract stipulates that fuel will be supplied to two VVER-440 reactors at the Rivne nuclear power plant. “We are taking another step in the implementation of the nuclear fuel diversification program and are the first in Europe to start using Westinghouse fuel for VVER-440 nuclear power units,” said the head of Energoatom Petr Kotin.

The parties also signed a letter of intent to study the localization of the production of components for fuel assemblies. “With this important agreement, we further expand our commitment to Ukraine's energy security,” said Westinghouse CEO Patrick Fragman.

Ukraine seeks to get rid of its traditional dependence on Russian energy resources, including nuclear fuel. Relations between Ukraine and Russia have deteriorated sharply since Moscow's annexation of Crimea in 2014. Japanese-owned Toshiba (T: 6502) Corp Westinghouse was acquired in 2018 by Brookfield Asset Management headquartered in Toronto, Brookfield Business Partners.

(Natalia Zinets. Editor Dmitry Antonov)

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