Nuclear safety and decommissioning Update on the implementation of the EBRD’s Ukraine Safety Upgrade programme
Publisher: CEE Bankwatch Network
Volume: 5 pages, pdf
Description:
In 2013 the EBRD approved a loan of EUR 300 million for the Ukraine Nuclear Safety Upgrade Program, which is co-financed with another EUR 300 million loan from the Euratom Loan Facility. These loans come with the condition that the state should: establish a national body on nuclear decommissioning; provide for and support a functioning decommissioning fund; and ensure that nuclear agency Energoatom charges a tariff that is sufficient for the timely implementation of its obligations under this agreement; In 2017 Ukraine met these conditions: a national body on decommissions was established and a decommissioning fund is up and running, with regular contributions from the nuclear operator Energoatom. However these two entities alone are not enough to ensure that sufficient funds are made available and that these are not misused for contradictory purposes.