Vostochny MPP to become part of Energoatom

The Cabinet of Ministers of Ukraine approved the reorganization of the state owned enterprise Vostochny Mining and Processing Plant by joining the state owned enterprise Energoatom.  The decision was taken at a government meeting, UNIAN reports.

The representative of the President in the government, Andriy Gerus, during the meeting drew the attention of the government members that the accession should be coordinated with the European Bank for Reconstruction and Development, which has a loan agreement with Energoatom.

The Prime Minister Volodymyr Groysman instructed the main developers of the draft resolution together with the Secretariat of the Cabinet of Ministers to finalize this document within a certain period of time.

SOE Vostochny Mining and Processing Plant is the only enterprise in Ukraine and the largest in Europe for the extraction and processing of uranium ore and the subsequent production of uranium oxide concentrate.  The concentrate is used to produce nuclear fuel, which is loaded into nuclear reactors at nuclear power plants.

According to the IAEA, Vostochny Mining and Processing Plant produces 3.3% of the world uranium concentrate.

Tags: The Cabinet of Ministers, contracts, NPP, NNEGC "Energoatom", legislation, electricity, Gerus

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