In November 2023, NAEK Energoatom and Urenco signed a contract for the supply of enriched uranium products for Ukrainian nuclear power plants.
NAEC Energoatom and a consortium of international banks including Deutsche Bank AG and Barclays Bank PLC signed a loan agreement for £181 million ($233.95 million) on July 17, 2024. This was reported by the press service of the Ministry of Energy on Tuesday, July 23.
It was explained that the purpose of the loan was to ensure the fulfillment of the contract between NAEC Energoatom and Urenco for the purchase of nuclear fuel.
In particular, the funds will be used to finance the supply of nuclear materials, such as enriched and natural uranium hexafluoride, in accordance with the contract.
“The agreements provide for the supply of nuclear materials until 2035 with the possibility of extending the contract until 2043. The loan is provided for 5 years under the guarantee of the UK Government (through the export credit agency UKEF ),” the statement said.
In November 2023, the NAEC Energoatom and Urenco signed a contract for the supply of enriched uranium products to the Ukrainian nuclear power plant.
In May it was reported Energoatom plans to build two power units at the South Ukrainian Nuclear Power Plant using technology from the American company Westinghouse.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.