The Ministry of Energy and Coal Mining of Ukraine explained that the talks with Russian TVEL Fuel Company (TVEL) might be conducted because the Chinese China Nuclear Energy Industry Corporation intends to buy out the Russian share in the project, as the press office of the Ministry reported.
“In June 2018, China Nuclear Energy Industry Corporation sent an invitation to hold trilateral talks on the participation of Chinese side in the implementation of the construction project of a nuclear fuel fabrication plant on the territory of Ukraine,” the message says.
According to the information, a joint enterprise of nuclear fuel production for VVER-1000 reactors was created in 2010 and still exists. The Ukrainian side (a public concern “Nuclear fuel”) allocated $10 million to implement the project. $5,2 million of this sum was allocated as an advance payment for manufacturing the non-standardized equipment produced by TVEL.
Therefore, Ukraine raises an issue of selling an equity stake, which belongs to TVEL, to the potential investor and return a part of the money from $5,2 million.
The representatives of the Ministry note that in 2015-2016 they have negotiated with the possible investors concerning the creation of nuclear fuel manufacturing in Ukraine. Then, China Nuclear Fuel Corporation offered to create a joint nuclear fuel plant for the Ukrainian nuclear power plant. China is expected to buy out TVEL shares in full and provide a complete funding of the project.
The sides will discuss the conditions of China’s participation in the project implementation, buying out the share fraction of the Russian company and determination of the primary steps of the cooperation at the possible negotiations.
It should be noted that recently, one of the Ukrainian mass media reported that the Minister Igor Nasalyk sent a letter to Kyryl Komarov, the Deputy Director at Rosatom (TVEL is a part of Rosatom) on June 27, 2018. In particular, the letter is about a need to restore a joint (with Russia) construction of a nuclear fuel plant in Ukraine.
“Considering the need to restore a set of the joint projects, including the project on creation of TVEL production in Ukraine, we suggest to conduct a meeting in Brussels on July 9-12,” the letter, made public on mass media, says.
As we reported earlier, Volodymyr Groysman, Ukraine’s PM, demanded that ministers coordinate any communication with Russian Federation.
It is noteworthy that such a requirement came one of the Ukrainian media informed about the correspondence of the Energy Minister Ihor Nasalik with the First Deputy Director of the Rosatom corporation Kirill Komarov on cooperation in the energy sector.
As it was reported earlier, Ukrainian delegation headed by Ihor Nasalyk, the Minister of Energy met with Lars Lilleholt, the acting Minister of Energy, Utilities and Climate took place in Denmark. Nasalyk assured that Ukraine sees a reliable and strategic partner in Denmark as this country has reached the goals of its National Action Plan for Restored Energy up to 2020 in 2015, particularly, 30% of the clean energy in the final energy consumption. Denmark plans to get 50% of the green energy up to 2030, according to the message.
In addition, Ukraine and the Netherlands have signed the Memorandum on mutual understanding in the renewable energy.
It is expected that Ukraine and the Netherlands will cooperate in such issues as the development of the bio-oriented economy, implementation of bioenergy projects, implementation of the reforms of green energy and Ukraine, implementation of the program of the renewable energy SDE+ and others.