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A few months ago, Bulgaria planned to sell nuclear reactors to Ukraine that would allow it to finalize two power units at the Khmelnytskyi NPP. However, Bulgarian Deputy Prime Minister Atanas Zafirov explained this reversal by emphasizing the importance of developing nuclear energy within Bulgaria itself. “Electricity prices are rising globally. The world is facing ongoing energy uncertainty, and in this context, nuclear energy remains the most reliable and stable source – affordable and predictable,” the government official stated. Bulgarian

US President Donald Trump has set his sights on the Zaporizhzhia NPP, but there is a nuance to this concept, given that it may take years before there is any hope of a return on investment. This is because six of the ZNPP’s reactors are in a state of cold shutdown, the facility has lost its main source of cooling water, and the condition of its equipment is unknown. Some believe this idea serves as a means of pressure on

Changes that ease currency restrictions in three areas came into force on December 21. This easing will support domestic producers and improve the conditions for doing business in Ukraine. At the same time, it will not significantly impact exchange rate dynamics or the international reserves level. The NBU allowed legal entities and individual entrepreneurs to buy and sell bank metals without physical delivery for non-cash hryvnias. The NBU permitted expanded currency purchases for Energoatom. These changes will enable the uninterrupted

France is committed to facilitating the participation of French companies and other stakeholders in Ukraine’s reconstruction. In addition to concessional loans, export insurance, and military risks, France is supporting sectors that are essential for Ukrainian resilience in the medium and long term. Several concrete measures have been implemented: Saarstahl Rail supplied 20,000 tons of rail to Ukrzaliznytsia to repair over 150 kilometers of railway through a concessional loan of €37.6M. A memorandum was signed between Alstom and Ukrzaliznytsia to supply

Ukraine is technically ready to get through the winter without the transit of gas through its territory, which is scheduled to stop entirely on December 31, said head of Naftogaz Oleksiy Chernyshov. Naftogaz has developed various scenarios for surviving the winter, including the termination of transit and gas distribution throughout the country. Chernyshov added that in October, Ukraine produced 53 million cubic meters of gas daily. Also, Ukrainian Minister of Energy Herman Galushchenko announced that by the end of the

According to the National Nuclear Energy Generating Company Energoatom, the team is actively looking for sites to construct the NPP. The most promising of them is Chigyrinskyi, near the town of Orbita in Cherkasy Oblast. There are plans to build four new power units using Westinghouse AP1000 technology. Recently, Chigyryna City Council deputies granted permission to develop a land management project that will allocate land plots for permanent use by Energoatom with a total area of ​​38.1 hectares. Orbita is

The American private sector looks at Ukraine’s economic future optimistically and realistically. Optimism is based on GDP growth, tax revenue, and the creation of new jobs, said US Special Representative for the Economic Recovery of Ukraine, Penny Pritzker. According to her, despite the war Ukraine’s GDP grew by 4.1% in the first half of this year, investments grew by 17%, tax revenues by 25%, and 37,000 new enterprises were incorporated last year. Pritzker believes that Ukraine’s partners should focus on

Analysts have calculated that the increase in consumer electricity prices will generate an additional ₴50B for state energy companies Energoatom and Ukrhydroenergo in 2024. The tariff increase will allow Energoatom to spend less on obligatory consumer price subsidies, increasing its profit. Ukrhydroenergo will use the additional money received to restore its damaged hydroelectric plants, while Energoatom will use it to build new nuclear power units. The Ministry of Energy stated that increasing the electricity tariff for household consumers is necessary

The combined income of Ukraine’s top ten energy companies in 2023 amounted to almost ₴745.9B, 8% more than in 2022 (₴688.45B). Half of the companies in the top ten are state-owned, and four more belong to System Capital Management (SCM Holding). Eight companies from the top ten are engaged in the production and trade of electricity, and two more are in the gas trade. D.Trading, from the SCM group, topped the rating for the second year in a row. The

These funds are intended for the restoration of damaged infrastructure, strengthening the stability of the power system and its protection against air attacks, establishing distributed gas and green energy generation, strengthening Ukraine’s physical connection with European gas and electricity networks, and reforms in the energy sector. The memorandum, signed by the Cabinet of Ministers of Ukraine and the US government, allocates $422M to Ukraine and another $100M as a bonus for the completion of several tasks: Approval of the charter

According to the state company Energoatom, Ukrainian uranium will be used to produce nuclear fuel for the needs of domestic nuclear power plants at Cameco facilities in Canada. It is noted that the agreement with Cameco  is for the entire volume of uranium extracted from the Eastern Mining and Enrichment Plant to be sent to Canada for its further conversion into natural uranium hexafluoride (UF6). This is necessary before sending it for enrichment to Ukraine’s other strategic partners, URENCO and

For the first seven months of the year, the share of nuclear power plants in the structure of electricity production was 47.6%, thermal power plants – 27.8%, hydroelectric power plants and hydro accumulation power plants – 14.1%, renewable energy sources – 10.5%, reported Energoatom. During the specified period, 60.8 billion kWh of electricity were produced, of which 28.9 billion kWh were generated through nuclear energy. Nuclear power plants have produced four billion kWh more electricity than was forecast at the

According to results from 2022 and the first half of 2023, Energoatom’s electricity production and sales volumes fell by a quarter, said the vice president of the state enterprise, Hartmut Jacob. He explained that this resulted from the country’s reduction of industrial electricity consumption by 50% fter the start of the war, the occupation of the ZNPP, and systematic damage to the energy network’s infrastructure. Thus, the electricity output for 2022 decreased by 26.3% from the November 2021 forecast, and

Ukrainian authorities have launched large-scale emergency response exercises in four regions to prepare for “a possible terrorist attack” at the Russian-occupied Zaporizhzhia Nuclear Power Plant (ZNPP), the energy ministry announced. ”Experts from Ukraine’s state-owned energy firm Energoatom have developed several possible scenarios of events at the ZNPP, which will be practiced during the exercise,” the post read. Oleksiy Danilov, Secretary of the National Security and Defense Council, states that Ukraine is carefully preparing for any scenario of the development of

According to the President of the state company Energoatom Petro Kotin, one of the six power units of the occupied Zaporizhzhia Nuclear Power Plant (ZNPP) is in a state of hot shutdown. As Kotin explained, the power unit will not consume water from the cooling pond after switching to a cold state. However, the situation may be critical if the water levels fall lower. Several emergency measures provide the ZNPP with water, but Ukraine cannot guarantee compliance with all safety

State nuclear energy company Energoatom has decided to apply to the International Court of Arbitration for compensation for the damage caused by Russia to the Zaporizhzhia NPP and other objects of the region’s energy infrastructure. Energoatom handed the representatives of the Russian Federation a notice of the relevant claims. Still, if the dispute is not resolved peacefully the company will refer the relevant dispute to international arbitration. The UAH 32B in damage is primarily to the property and infrastructure of

On April 11, Energoatom signed the latest agreement with the Canadian company Cameco to export uranium concentrate from Ukraine for processing in Canada. The contract stipulates that all uranium mined at the state-owned enterprise SkhidGZK will be shipped to Canada for further conversion and supply of natural uranium hexafluoride (UF6) for enrichment (a chemical compound that is the basis for nuclear reactor fuel). According to the President of Energoatom, Petr Kotin, this is a significant event for the Ukrainian nuclear

Ukraine is working on making its nuclear energy fuel, and in three years it plans to provide half of the needs of its domestic nuclear power plants with this fuel, said Petro Kotin, president of Energoatom. He clarified that the company signed an agreement with Westinghouse, according to which Ukraine is creating its nuclear fuel production line. “Currently, the preparation of the nuclear fuel assembly line in Ukraine is underway. In three years, we will be able to produce fuel

According to the state company Energoatom, the so-called “experts of the atomic industry” from Russia have arrived at the ZNPP. They began to compile lists of equipment that “must be dismantled” from the nuclear plant in case of retreat. The Energoatom Repair and Management Personnel Training Center attracted the occupier’s special attention, which is focused on the Zaporizhzhya NPP’s educational and training center. This is a unique facility where nuclear scientists from many countries around the world acquire rare practical

According to plan, all 15 power units should transition to this fuel by 2024. According to the state company Energoatom, Ukraine’s nuclear power industry will gain absolute independence from the Russian Federation. In addition, the state company and Westinghouse are working on creating an in-house nuclear fuel production system using Westinghouse technology. This will not only strengthen the safety of nuclear fuel supplies to domestic nuclear power plants but also contribute to improving fuel quality and increasing its energy output,