A Roundtable with Energoatom in Washington (OPIC, Broad Street Capital Group, Holtec)
USUBC hosted a roundtable with Energoatom, a largest electricity producer in Ukraine. Yuriy Nedashkovsky, President of Energoatom presented a historic project - building a huge Spent Nuclear Fuel Storage Facility in Chernobyl.
The Overseas Private Investment Corporation (OPIC), an agency of the U.S. government, is providing $250 million in political risk insurance for the construction of the Energoatom Central Spent Nuclear Fuel Storage Facility in Ukraine. With capacity to store 169,000 tons of spent fuel per year, the new facility will reduce the need to ship the spent fuel to Russia and pay Russia large tipping fees. The total cost of the project is over $410 million.
Holtec International – located in Camden, New Jersey - will supply dry storage casks, transportation casks, ancillary equipment, and engineering and training to the facility over an expected five-year period.
The project not only represents increased energy independence for Ukraine, but also has a number of financial and economic benefits.