China National Nuclear Corporation (CNNC) in cooperation with Industrial & Commercial Bank of China (ICBC) has proposed to Ukraine to consider a possibility of completing reactor four of Khmelnytsky nuclear power plant (NPP) using their Hualong One (HPR-1000) technology, President of National Nuclear Generating Company Energoatom Yuriy Nedashkovsky has told reporters.

"They have arrived to propose their participation in the completion of reactors three and four [of Khmelnytsky NPP] under the so-called 1+1 formula. Reactor three is built using the VVER technology and reactor four – using their Chinese technology – Hualong reactor," he said.

Nedashkovsky said that China said that Ukrainian localization during the completion of the reactors could be large. The country is ready to provide financing of 85% of the total cost of the project.

"They speak about almost 80% of localization and 85% of financing of the project thanks to ICBC. Of course, with government guarantees, which slightly reduces the attractiveness of the offer," he said.

The Energoatom head recalled that the feasibility study for the completion of reactors three and four of Khmelnytsky NPP using the VVER technology was approved by the nuclear safety agencies.

"If they want that their project is implemented, we should jointly shape the amendments to the feasibility study. We need to sign a confidentiality agreement to exchange not with booklets, but sensitive commercial information. We should first to design a feasibility analysis, which takes not much time to see how the offer is acceptable for Ukraine, and then make amendments to the feasibility study," Nedashkovsky said.

He believes that the offer of Chinese companies means not only the spread of their technologies in Ukraine, but also the possibility of applying them in Europe in the future.