Westinghouse Electric Sweden, a division of Westinghouse Electric Company (the United States), which initiated its bankruptcy, will produce and supply nuclear fuel to six Ukrainian VVER-1000 reactors under a contract with National Nuclear Generating Company Energoatom.
Westinghouse Electric Sweden with solid financial positions will not be affected by bankruptcy. The company will produce and supply nuclear fuel to six Ukrainian VVER-1000 reactors under the contract, the company said.
Westinghouse said that cooperation with Ukraine is a top priority for the company. Westinghouse hopes to expand cooperation in the future.
Discussions on expansion of fuel supplies and provision of services to Ukraine are underway. This would benefit both sides and increase energy security, the company said.
Earlier on March 29, Westinghouse LLC, and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. Westinghouse’s operations in its Asia and Europe, the Middle East and Africa (EMEA) Regions are not impacted by the Chapter 11 filings.
As reported, in order to diversify sources of nuclear fuel supply for the country’s NPPs, Energoatom jointly with Westinghouse in 2000 launched the project for the qualification of this company’s fuel. In March 2008 Energoatom and Westinghouse Electric Sweden AB (Sweden) signed a commercial contract to ship fresh fuel to three or six reactors of Ukrainian NPPs in 2011-2015. In April 2014, the sides prolonged the contract until 2020.
