Energoatom: NBU slows down construction of spent nuclear fuel storage facility

by Editor • 11.03.2015 • 0 Comments

NNEGC Energoatom is unable to begin construction of a spent nuclear fuel storage facility due to the National Bank of Ukraine (NBU). To begin construction of this important facility, Energoatom must make an $11,7 million advance payment to American developer Holtec International, according to the publication "DS," citing Energoatom President Yuriy Nedashkovsky.

Nedashkovsky clarifies that in order to begin the Centralized Spent Nuclear Fuel Storage Facility project, permission to make an advance payment must be obtained from the National Bank of Ukraine (NBU). Since the National Bank currently prohibits foreign currency payments exceeding $50, it is impossible to make the payment to the developer. The President of Energoatom hopes that the NBU will issue a resolution that will make an exception for Energoatom and allow the necessary amount to be transferred to Holtec International.

It is known that, as of February 24, the NBU has imposed a ban on advance payments on import contracts in excess of $50.

It was previously reported that Ukraine plans to begin construction of a centralized nuclear waste storage facility in 2015, which will be located in the Chernobyl Exclusion Zone. The construction of this facility will allow Ukraine to store all used nuclear fuel, while some is currently temporarily stored in Russia for money. The new storage facility will be built using technology from the American company Holtec International.

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