On April 21, 2023 President of SE «NNEGC «Energoatom» Petro Kotin and President and CEO of Holtec International Kris Singh signed a Cooperation Agreement on deployment of small modular reactors (SMR). Petro Kotin signed the Agreement in Kyiv, and Dr. Kris Singh signed it in Camden, New Jersey. The ceremony was attended by Minister of Energy of Ukraine German Galushchenko and Holtec International’s Vice President for Ukraine Operations Riaz Awan.
The agreement envisions
President of Energoatom Petro Kotin emphasized that «the Agreement with Holtec International is based on 20-years’ experience of successful cooperation between the two companies. It will allow implementation of promising, safe, clean, reliable and efficient technologies of small modular reactors and establishing Ukraine as a world’s leading country in the area of clean energy».
The document also provides for more profound cooperation between the companies aimed at strengthening of energy security of Ukraine. Moreover, the Agreement will contribute to the overall de-carbonization of the Ukrainian energy sector, strengthening of energy independence of Ukraine, and will launch high-tech production of SMR components on our territory.
These projects require powerful investments into the national energy sector in the whole and into the nuclear energy sector, in particular. To implement the projects and to enhance the coordination of actions, a Joint Project Office will be established composed of representatives of SE «NNEG «Energoatom», Holtec International as well as of representatives of the State Nuclear Regulatory Inspectorate of Ukraine, State Scientific and Technical Center for Nuclear and Radiation Safety of Ukraine, the Ministry of Energy of Ukraine, and world renowned companies Mitsubishi, Hyundai, etc.
«Holtec International has the distinct honor and privilege to sign the Cooperation Agreement with Energoatom for deployment of our SMR-160 Advanced Nuclear Reactors in Ukraine. We are grateful to Honorable Minister of Energy Galushchenko and Honorable President of Energoatom who represent the Government of Ukraine for reestablishing the confidence of your nation in our company by selecting our supremely safe SMR-160 reactors and Holtec International as a partner to cater the needs of your state in clean energy.
We will stand shoulder to shoulder with you to build and put in operation 20 reactors of SMR-160 design within extremely short time period. We are eager to help the people of Ukraine in rebuilding the energy infrastructure after the russian aggressors have been ousted of the country», Doctor Kris Singh said at the signing ceremony.
For information: Holtec International, a U.S. company, a long-term partner of Energoatom, was a contractor for construction of the Central Spent Fuel Storage Facility which was put in operation in April 2022.
Note: SMR-160 is a pressurized light water reactor with the capacity of 160 MW using low-enriched uranium as fuel, and is flexible for production of process heat for industrial use and hydrogen production.
