Ukraine to Produce Components for Small Modular Reactors in New Partnership with Holtec International

by Roman Cheplyk
Wednesday, April 17, 2024
Ukraine to Produce Components for Small Modular Reactors in New Partnership with Holtec International

Ukraine is set to begin production of components for small modular reactors (SMRs) following a significant agreement signed with Holtec International

The virtual signing ceremony was attended by Herman Galushchenko, Ukraine's Minister of Energy, Petro Kotin, Acting Chairman of the Board of Energoatom NAEC, and Chris Singh, President and CEO of Holtec International.

The agreement outlines plans for establishing facilities in Ukraine to produce and manufacture nuclear systems, structures, and components for SMRs, as well as storage and transportation systems for spent nuclear fuel. Additionally, the agreement extends to supporting various needs related to the use of atomic energy in Ukraine and other regional countries.

Minister Galushchenko highlighted the strategic importance of this agreement, especially during challenging times, stating, "It is very important that we sign this document at such a turbulent time, demonstrating to the enemy our stability and determination to deepen the Ukrainian-American partnership and develop the future of Ukrainian energy using leading technologies. This is an important contribution to the development of the nuclear industry and the country's economy."

Petro Kotin expressed gratitude towards Holtec for their longstanding successful cooperation and emphasized the broader significance of the agreement for Ukraine's energy sector and national economy. "This agreement is important not only for Energoatom but also for the entire energy industry of Ukraine and the national economy. This is the first step towards strengthening cooperation for many years. The creation of nuclear energy production facilities in the country will contribute not only to the strengthening of the country's energy security but will also allow Ukraine to become a world leader in a number of areas of nuclear energy development," he remarked.

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