According to the press service of Energoatom, the company received a loan from JSB Ukrgasbank in the amount of UAH 1.5 billion.
“Energoatom received a loan of UAH 1.5 billion from Ukrgasbank. These funds will be used to purchase fresh nuclear fuel from the American company Westinghouse in 2022. As you know, Energoatom at the beginning of the military aggression of the Russian Federation refused Russian nuclear fuel and announced its replacement with the American one. The attracted credit funds will increase the procurement of American fuel and ensure the effective operation of the power units of Ukrainian nuclear power plants after the abandonment of Russian nuclear fuel," the company notes.
Earlier, Energoatom announced that it was completely phasing out nuclear fuel from the Russian company TVEL (a subsidiary of the Russian nuclear monopoly Rosatom) and would continue to buy it from Westinghouse.
Before the annexation of Crimea and the start of the armed conflict in Donbas, TVEL was the main supplier of nuclear fuel for Ukrainian nuclear power plants. However, since 2014, Ukraine began to increase the supply of nuclear fuel to the American company Westinghouse, which has been supplying some nuclear fuel since 2005.
By 2017, the share of Westinghouse's fuel supplies increased to 51% of TVEL's 49% of fuel supplies.
In November 2021, Energy Minister Herman Halushchenko said that Ukraine was provided with the necessary nuclear fuel resource for a year and a half ahead.
