Nuclear fuel deal agreed for Ukraine’s energy independence
28 November 2023
Urenco has signed a significant new contract for the long term supply of enrichment services with Ukraine national nuclear operator, Energoatom, helping to strengthen the country’s energy security and independence.
Representatives from Energoatom and Urenco signed the contract at the World Nuclear Exhibition 2023.
This contract offers a secure and diverse supply, fuelling the nuclear reactors in Ukraine operated by Energoatom, which generate over half of the country’s electricity and are vital for a reliable source of electricity for their people.
Urenco has worked with Energoatom since 2009 and this contract sees us remain their major supplier well into the next decade.
Welcoming the development, CEO of Urenco, Boris Schucht said:
“Since the outbreak of the conflict, it has been more important than ever that Urenco plays its part to assist Ukraine to generate power for the country.
“We have provided support to our customer Energoatom, and its employees, and increased our supply of nuclear enrichment services to them to help enable energy independence and security of supply. This latest agreement will continue our productive working relationship.”
Petro Kotin, President of SE NNEGC Energoatom said:
"Today, we have more evidence that Western companies are ready to support Ukraine in these challenging times. Energoatom and Urenco already have a positive experience of cooperation, so that the signing of the contract is another step towards ensuring the energy independence of our country for years to come. "I am glad to continue to collaborate with our reliable strategic partner Urenco.”
Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the USA and the UK.
UK Minister for Nuclear Andrew Bowie said:
“Diversifying energy sources and reducing dependence on Russian nuclear services and fuel is key as Ukraine defends itself against Russia’s barbaric invasion.
“This major contract between Urenco and Energoatom will help secure Ukraine’s energy independence in the years to come.”
UK Minister for Industry and Economic Security Nusrat Ghani said:
“This deal is welcome news for the people of Ukraine and shows what the UK and Ukraine can do when we work together. Nuclear power provides well over half of Ukraine’s electricity and has become even more important since Russia’s illegal invasion inflicted massive damage on much of the rest of Ukraine’s energy infrastructure.
I am delighted to see British expertise playing such a crucial role in supporting Ukraine’s energy security as it rebuilds, while also supporting jobs and growing the economy back home.”
Urenco is an international supplier of enrichment services and fuel cycle products with sustainability at the core of its business. Operating in a pivotal area of the nuclear fuel supply chain for 50 years, Urenco facilitates zero carbon electricity generation for consumers around the world.
With its head office near London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Using centrifuge technology designed and developed by Urenco, and through the expertise of our people, the Urenco Group provides safe, cost effective and reliable services; operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.