Ukraine's Energy Security: Ukraine to get European enriched uranium instead of Russian: agreement signed

19:17 Aug. 18, 2016

Ukraine to get European enriched uranium instead of Russian: agreement signed

Gas centrifuges used to produce enriched uranium (Photo by Wikimedia)

Anglo-German-Dutch company agreed to supply Ukrainian Energoatom with nuclear fuel to strengthen Ukraine's energy security

Ukraine's national nuclear energy generating company Energoatom have signed a contract on supply of the enriched uranium with the Anglo-German-Dutch company URENCO. Agreement was signed today at a ceremony in Kyiv, press office of Energoatom says.

Speaking at the signing ceremony, URENCO's CEO Thomas Haeberle said: "In 2016, URENCO was invited to submit an offer for supply of Enriched Uranium as part of Energoatom's competitive procurement exercise. URENCO is pleased that Energoatom is once again part of its global portfolio of customers and looks forward to making deliveries under the new contract in due course".

Energoatom's President Yuriy Nedashkovskyi underlined the event as one of the major steps to strengthen Ukraine's energy security.

"The contract signed today will allow us to cooperate, on a mutually beneficial basis, with one of the world leaders in production and supply of the nuclear materials – URENCO. The enriched uranium which the company will provide will be used to produce nuclear fuel at a facility of Westinghouse Company in Sweden for the purposes of Ukrainian nuclear power plants", – Nedashkovskyi stressed.

Another guest of the ceremony, British Ambassador to Ukraine Judith Gough, said: "The UK welcomes steps by Ukrainian authorities to strengthen the country's energy security and diversify its energy supplies. The British government will continue to work with URENCO and Energoatom in the area of nuclear energy to achieve that aim".

URENCO is a provider of uranium enrichment services to the world's nuclear energy industry.  The URENCO Group head office is located near London, UK. With plants in Germany, the Netherlands, the UK and the USA, it operates in a pivotal area of the nuclear fuel supply chain. Previously Ukrainian nuclear power plants were critically dependent on Russian fuel supply, which became the mean of blackmailing for the Kremlin.

Read also Ukraine's Zaporizhia nuclear plant to switch to U.S. fuel late in June

comments powered by Disqus


Business16:12 Dec. 8, 2016
Gazprom applied for Turkish Stream pipeline building
Business11:48 Dec. 8, 2016
Flagship Ukraine privatization flops as plant attracts no bids - Reuters
Business11:44 Dec. 6, 2016
EU spells out its stance on wood export ban
Business19:08 Nov. 29, 2016
Three reasons to invest in Poland to reach the EU market
Business16:49 Nov. 25, 2016
EBRD willing to take stake in Ukraine's largest state bank
Subscribe to receive regular email updates about Ukraine and Eastern Europe