Energoatom and Holtec enter into consortium partnership

03 July 2019

Ukraine’s national nuclear operator NAEK Energoatom, the nation’s State Scientific and Technology Center (SSTC), and Holtec International ratified the creation of a consortium partnership that binds the three companies into a cooperative undertaking to chaperone the deployment of the SMR-160 small modular reactors in the country. The Consortium is a US company registered in Delaware with each of the three parties owning allotted shares. The Consortium’s technology operation center will be based in Kiev, Ukraine. This Consortium will give fresh impetus to realize the objectives of the MOU signed by Energoatom and Holtec last year that envisages building of six SMR-160s at the country’s Rivne nuclear station site.

The long and successful business relationship between Holtec and Ukraine has led to great outcomes. The world’s first central fuel storage facility being built in Ukraine with Holtec’s participation as an example of great things Holtec and Energoatom have been able to do together. Ukraine, with a large nuclear industry resource base and a sterling reputation as a capable nuclear plant operator, is ideally positioned to pioneer the deployment of SMR- 160s as a global leader.

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