Ukraine will receive 181 million pounds for the development of the nuclear industry
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- Alona Kokhanchuk
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13:27, 23 July, 2024
Illustrative photo from Getty Images«Energoatom» and a consortium of international banks concluded a loan agreement in the amount of 181 million pounds. The funds will be used to finance the supply of nuclear materials — enriched and natural uranium hexafluoride.
This was reported by NAEK «Energoatom».
It is indicated that the loan agreement was concluded with a consortium of international banks, which includes Deutsche Bank AG and Barclays Bank PLC.
The loan is granted for 5 years under the guarantee of the government of Great Britain.
«The loan will be long-term - for 5 years. The guarantee is provided by the UK government through the export credit agency UK Export Finance (UKEF). Funding is provided by NAEC without state guarantees from Ukraine,» the message reads.
«Energoatom» reminded that earlier the head of the company Petro Kotin and the chief executive officer of Urenco Borys Shukht signed a contract for the supply of enriched uranium product for Ukrainian nuclear power plants. Thus, the British company will supply NAEK with enriched uranium until 2035, with the possibility of extending the contract until 2043. Therefore, the purpose of the loan is to ensure the fulfillment of the contract between Energoatom and Urenco regarding the purchase of nuclear fuel.
In addition, there are two contracts between Energoatom and Urenco until 2025, according to which the Company supplies nuclear materials to the British.
We will remind that the Cabinet of Ministers of Ukraine approved the composition of the supervisory board of the joint-stock company «NAEK «Energoatom», which includes world-class experts in the field of energy.