All news

Ukraine goes ahead with plans to build nuclear fuel plant jointly with Russia

KIEV, October 3 (Itar-Tass) - Implementation of Ukrainian-Russian project aimed at the construction of a plant, which will manufacture nuclear fuel for nuclear power plants, will be continues, the presidential press service said, quoting Viktor Yanukovich as saying on Thursday.

“In spite of our Euro-integration far-reaching plans, Kiev is not going to break ties with traditional partners - Russia and other Customs Union member states,” he said.

While replying to a question about the joint project with Russia, Yanukovich repeated once again that “the fulfilment of the project will be continued.”

The plant is being built by Russian-Ukrainian JV, which was established by Ukraine’s “Nuclear Fuel” state concern and Russia’s TVEL fuel company.

At the initial stage (in 2015), the plant will produce annually up to 800 TVSA fuel assemblies. At the second stage (by 2020), Ukraine’s fuel assembly output is expected to reach its maximum. Herein, Russia will continue carry out the uranium enrichment procedure in its territory.

The plant will be located in the Smolino settlement, Kirovograd region.