Westinghouse to Continue Nuclear Fuel Delivery to Ukraine Through 2025

BRUSSELS–(BUSINESS WIRE)–Westinghouse Electric Company today announced that it has signed a nuclear
fuel contract extension with Ukraine’s State Enterprise National Nuclear
Energy Generation Company (SE NNEGC) Energoatom. The contract includes
nuclear fuel deliveries to seven of Ukraine’s 15 nuclear power reactors
between 2021 and 2025, expanding and extending the existing contract for
six reactors that was set to expire in 2020.

“This contract extension solidifies Westinghouse’s role as a strategic
partner for Energoatom and demonstrates our ability to support Ukraine
with their energy diversification. Under the terms of the new contract,
our relationship with Ukraine will be strengthened through our plan to
source some of the fuel components from a Ukrainian manufacturer,” said
José Emeterio Gutiérrez, Westinghouse president and chief executive
officer.

While commenting on the agreement, Yurii Nedashkovskyi, President of SE
NNEGC Energoatom, emphasized that Energoatom is the only operating
utility of VVER-1000 reactors in the world that has fully diversified
sources of nuclear fuel supply. Mr. Nedashkovskyi commented,
“Cooperation with Westinghouse was integral to achievement of this goal.”

Nuclear fuel from Westinghouse has played an important role in Ukraine’s
work for independence for more than a decade. Westinghouse began
supplying fuel to Ukraine in 2005, when the first lead test assemblies
were delivered to South-Ukraine NPP Unit 3.

“We are pleased that Energoatom is continuing to trust Westinghouse as
an alternative supplier of nuclear fuel to VVER reactors,” said Aziz
Dag, Westinghouse vice president and managing director, Northern Europe.

The manufacturing and assembly of the nuclear fuel will be performed by
the Westinghouse fuel fabrication facility in Västerås, Sweden, where
parts of the production lines are solely dedicated to VVER-1000 fuel.
Deliveries against the contract will begin in 2021, immediately
following the conclusion of existing contract.

Contacts

Westinghouse Electric Company
Sarah Cassella
External
Communications Manager
Desk: +1 (412) 374-4744
Cell: +1 (724)
272-2997
Email: [email protected]