Ukraine's Energoatom says nuclear safety financed in full

"With regard to overdue debts of UAH 11 billion, they have certainly affected both our social development and the implementation of all our investment programs. However, it has had no impact on enhanced security, which was, is and will be financed in volumes that are necessary for safe operation," he said at the Open Energy Week 2017 forum on October 23.

At the same time, he says, the overdue debt of Energorynok before Energoatom is UAH 11 billion, while the current one is estimated at UAH 1.6 billion for the electricity sold.

According to Shavlakov, Energoatom has been implementing a comprehensive consolidated program worth UAH 20.1 billion since 2011, to increase the safety of the country's NPPs.

Read alsoEnergoatom to plan repairs to nuclear reactors for four years aheadAs UNIAN reported earlier, the Cabinet of Ministers in late 2011 approved a comprehensive program for 2012-2017 totaling UAH 12.453 billion to enhance safety at Ukraine's nuclear power units. In December 2012, the Cabinet considered it expedient to raise loans from the European Bank for Reconstruction and Development (EBRD) and the European Atomic Energy Community (Euratom) for the implementation of the said project, which is estimated at about EUR 1.4 billion, including loans from the EBRD and Euratom to the tune of EUR 600 million on a parity basis.

The program stipulates that the Ukrainian nuclear power plants will be brought into line with international safety standards in accordance with the International Atomic Energy Agency's requirements.

Read alsoEnergoatom, Westinghouse to increase nuclear power plant capacity in UkraineAccording to Energoatom's report for the first eight months of 2017, the debt of Energorynok before the company totaled UAH 12.515 billion, which was UAH 841.5 million up year-over-year. During this period, the buyer paid 91.7% of the electricity received.

UNIAN memo. Energoatom is Ukraine's largest electricity producer, accounting for about 50% of the country's overall power output. Energoatom is responsible for the safe operation of the country's nuclear power plants.

Ukraine ranks seventh globally in terms of the installed capacity of its nuclear power generating units. Energoatom operates four nuclear power plants across Ukraine with a total of 15 power generating units, all with VVER-type reactors. Zaporizhia nuclear power plant, operating six power units with a total capacity of 6 GW, is Europe's largest.