12:33 27.05.2016

Energoatom head proposes Khmelnytsky NPP-EU energy bridge project for EUR 55 mln

2 min read
Energoatom head proposes Khmelnytsky NPP-EU energy bridge project for EUR 55 mln

Ukraine has proposed implementing a project to build an energy bridge with Poland and Hungary with a total cost of EUR 55 million. Reactor two of Khmelnytsky nuclear power plant (NPP) would be joined Burshtyn Energy Island and using the restored 750 kV Khmelnytsky NPP-Rzeszow (Poland) power line and Khmelnytsky NPP-ZakhidnoUkrainska-Albertirsa (Hungary) electricity would be exported to the EU, Head of National Nuclear Generating Company Energoatom Yuriy Nedashkovsky has said.

"Eastern European colleagues have a shortage of 6,000-9,000 MW. This is a good niche that we could occupy. Building of a nuclear power plant with a capacity of 2,400 MP in Belarus by Rosatom could put the country under Russian expansion for many years. Only quick implementation of the project would allow occupying it," he said at the Energy Spring 2016 congress in Kyiv on Thursday.

Nedashkovsky said that the long-term contract for exports of electricity could secure the financing without government guarantees. Bank Barclays is ready to provide the loan. He said that this would help cover two third of the project's need in funds. The Energoatom head added that the condition of guaranteed access to interstate power lines should be reflected in the law on the electricity market.

He said that the restoration of Khmelnytsky NPP-Rzeszow power transmission line that has been idle for 20 years and additional work at Khmelnytsky NPP-ZakhidnoUkrainska-Albertirsa line is estimated at EUR 8 million.

EUR 16 million would require for disconnecting reactor two from the Ukrainian power grid and connecting it to the Burshtyn Energy Island operating synchronously with the ENTSO-E system, he said.

Nedashkovsky said that EUR 31 more is needed to ensure the reserve of own needs of reactor two when it operates for the needs of the ENTSO-E energy system.

He said that the feasibility study of the project is being drawn up.

Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.

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