South Korea’s state-owned nuclear power company Korea Hydro & Nuclear Power (KHNP) will resume the construction of Khmelnytsky nuclear reactors in Ukraine, which was halted 26 years ago.
KHNP announced that it has signed a memorandum of understanding (MOU) with Ukraine's National Nuclear Energy Generating Company (NNEGC) Energoatom on August 31 to restart the halted nuclear power plant development project.
Construction of the Khmelnytsky power plant units 3 & 4 with a total production capacity of 1 GW each started in 1985, but were halted in 1990 when there were 20 percent complete. Energoatom, the state-run nuclear power plant operator in Ukraine, operates 15 nuclear units and covers half of electricity consumption in the country. It also plans to establish new power plants with a total production capacity of 7 GW by 2035.
Under the agreement, the two companies will cooperate in completion of the units 3 and 4 at the Khmelnitsky nuclear power plant in Ukraine. As part of this effort, the companies have agreed to create the Steering Committee immediately, come up with cooperative measures. KHNP will work together with the Ministry of Trade, Industry and Energy and nuclear power companies at home and abroad to resume the construction of Khmelnytsky nuclear reactors.