Ukraine and South Korea sign MoU for cooperation in the nuclear energy sector

South Korea’s state-owned nuclear power company Korea Hydro & Nuclear Power (KHNP) and Ukraine’s National Nuclear Energy Generating Company (NNEGC) Energoatom have signed a memorandum of understanding (MoU) for cooperation in the nuclear energy sector.

Under the terms of the MoU, the two companies will cooperate in completion of the units 3 and 4, which will have a production capacity of 1000MW each, at the Khmelnitsky nuclear power plant in Ukraine.

Construction of the two Khmelnytsky nuclear reactors started in 1985 and 1986 respectively, but was halted in 1990.

The MoU is also signed to complete the Energy Bridge Ukraine -European Union project, which was launched for the strategic synchronization of Ukraine’s energy system with the EU system.

?nergoatom president Yuriy Nedashkovsky said: “Energoatom welcomes the start of cooperation with a leading global company – Korea Hydro & Nuclear Power. We believe that our mutual efforts will be a complementary momentum for domestic nuclear technologies development.”

As part of this effort, the companies have agreed to create the Steering Committee, which would include two co-chairmen, one representative from each side, as well as members of the Committee.

KHNP Dr Seok Cho president and CEO said: “I strongly believe that Khmelnitsky power units #3 and #4 project will be successfully completed when NAEK Energoatom and KHNP work together with a shared goal, given that both companies have accumulated extensive experience and expertise through the continuous construction and operation of nuclear power plants over the past 40 years.”

State enterprise Energoatom currently operates four acting nuclear power plants in Ukraine which include Zaporizhzhya, Rivne, South Ukraine and Khmelnitsky.