Energoatom and Hyundai E&C sign cooperation memorandum
The agreement was signed by Energoatom's Petro Kotin and Korean Hyundai Engineering and Construction Executive Vice President and Operations Director Choi Young in the presence of Ukraine's Energy Minister Herman Halushchenko and South Korea's Ambassador to Ukraine Kim Hyun-Tae.
Halushchenko said the agreements were important in terms of the plans for new Westinghouse AP1000 units at the Khmelnitsky nuclear power plant: "It is important that, together with the Korean side, we sign this memorandum during the war and, without waiting for its end, move forward. I am confident that together we will build an energy industry in Ukraine that will meet the best global standards."
The ambassador said the memorandum would "contribute to the development of Ukrainian-Korean cooperation in the nuclear industry, in particular, the exchange of experience in the field of nuclear technologies".
Kotin said: "South Korea has developed nuclear energy and expertise in the nuclear industry. Energoatom and Ukraine as a whole are interested in the development of our cooperation with the Hyundai company, which is one of the world leaders in this market."
The agreements build on a letter of intent that was signed by the two companies in November 2023. In May 2022 Westinghouse and Hyundai E&C signed a strategic cooperation agreement to jointly participate in global AP1000 plant opportunities and last month a ceremony was held to mark the start of the project to build what will become unit 5 at Khmelnitsky NPP.
Ukraine has 15 nuclear units which could generate about half of its electricity, including the six at the Zaporizhzhia nuclear power plant which has been under Russian military control since early March 2022. Ukraine's nuclear expansion plans include proposals for nine new AP1000 reactors across the country.
Khmelnitsky's first reactor was connected to the grid in 1987, but work on three other reactors was halted in 1990, at a time when unit 3 was 75% complete. Work on the second reactor restarted and it was connected to the grid in 2004. A project to complete units 3 and 4 is under way - last month, the Ukrainian Cabinet put forward a draft law on their construction/completion. Halushchenko said earlier this year that unit 3 could come into operation in as little as two and a half years.
Two of the new AP1000s are due to become the fifth and six units at Khmelnitsky and would bring the plant's total capacity beyond that of the six-unit Zaporizhzhia plant which has been under Russian military control since early March 2022. During their talks, Energoatom and Hyundai E&C discussed all these projects as well as agreements with Holtec International on the construction of factories for the production of equipment for small modular reactors and containers for used nuclear fuel.
_92619.jpg)
