On December 21, the Ministry of Finance of Ukraine, the state company “NAEC Energoatom”, the Overseas Private Investment Corporation (OPIC) and the Central Storage Safety Project Trust signed agreements on the provision of USD 250 million for the construction of the Central Radioactive Waste Storage Facility.
What’s it about?
A number of agreements have been signed to finance a project for the development and construction of a long-term central radioactive waste storage facility which will provide storage space for the used nuclear fuel from 3 nuclear plants (Rivne, Khmelnytsky and Yuzhnoukrainsk). The facility will be located in Chornobyl exclusion zone. The funds will be engaged for the supply of special storage and transportation containers and other equipment by the US company Holtec International.
With the support of the Ministry of Finance of Ukraine, the US Government’s OPIC will insure political risks (“BOC Coverage”) related to the USD 250 million loan to be received by Energoatom for the construction of the facility. The Ukrainian state shall provide a guarantee for the proper re-payment of this loan by Energoatom.
“The construction of the Central Radioactive Waste Storage Facility enables us to attract investments into the economy of Ukraine amounting USD 250 million. The success of this project will be an incentive for further projects in Ukraine with the participation of the OPIC and will increase the competitiveness of Ukraine as a developed technology nation”, Minister of Finance Oleksandr Danyliuk said.
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