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Implementation of EU-Ukraine energy bridge will let modernize Khmelnytska power plant, - Energoatom company

Source : 112 Ukraine

The entity made the respective statement in its commentary for 112 Ukraine news agency
19:56, 20 August 2019

Reuters

The implementation of the EU-Ukraine energy bridge that envisages the extension of Burshtyn power hub could be instrumental to upgrade Khmelnytska nuclear power plant. That would also let the plant's workers change the obsolete hardware. Energoatom company that produces half of the electric energy in this country said this in a commentary for 112 Ukraine news agency. 

As we reported before, the energy bridge project foresees that the mentioned power hub would be enhanced - due to the inclusion of 2nd reactor of Khmelnytska nuclear power plant, Zakhidnoukrainska substation and Ukraine-Poland interstate power network (Khmelnytska NPP - Rzeszow) into its composition. 

"The nominal power output, thanks to the upgrade, will be increased so that the extra volumes of power will fully compensate for the export from one nuclear reactor (the draft foresees disconnection of one of the NPP's reactors from the unitied energy system)", Energoatom's press office claimed. The implementation of the project would also create conditions for attracting investments into construction of two nuclear reactors that are to be buillt "in a record-low period and at a record-low price (up to 5 biillion Euros per a reactor), whilst the world practice shows that it takes at least seven billion Euros per a reactor. Ukrenergo company will also get the investments for modernization of networks, which lets them compensate the investments they spent for full synchroinzation", Energoatom said. 

Related: Energoatom, Westinghouse extend agreement on nuclear fuel supplies until 2025

According to forecasts and assessments of the market consultants, in the next 20 years, prices for electricity in the EU member countries will be annually growing by 1 percent on the average. This concerns the range of 36-50 Euros per megaWatts per hour. Ukraine's company states that the current level of price for electric energy at Ukrainian power plants (16.3 Euros per 1 mWatts/hour), and it means that Ukraine's competitiveness in the EU market is obvious.

Earlier, Vsevolod Kovalchuk, the head of Ukrenergo company said that the draft of the Ukraine-EU power bridge that envisages the extension of Burshtyn power hub may contain significant risks for Ukraine's energy system. 

August 9, the commission of the Ministry of Energy and Coal Industry chose the partner for the project implementation; it is Ukraine Power Bridge Company, Ltd.

Related: Project of Ukraine-EU energy bridge creates risks for Ukraine's power system, - Ukrenergo company

 

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