Ukraine ratifies financing agreement with EBRD for Chernobyl

Ukrainian parliament approves agreement with the European Bank for Reconstruction and Development (EBRD) to finance the securing of the Chernobyl power plant and its exclusion zone

Share:

Sécurisation durable de Tchernobyl

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Ukraine has taken a crucial step towards securing the Chernobyl nuclear power plant. The Ukrainian parliament has ratified the framework agreement with the EBRD (European Bank for Reconstruction and Development), aimed at financing projects to improve safety in the Chernobyl area, particularly after the damage caused by the Russian invasion. This decision marks an important turning point in the management of one of the world’s most radioactive areas.

Creation of the CICA and the impact of war

The agreement provides for the creation of a mechanism to manage the activities of the ICCA (International Chernobyl Cooperation Account), including securing and dismantling the unstable structures of the original shelter. These projects also aim to restore safety in the exclusion zone and other nuclear facilities in Ukraine, damaged by the Russian occupation. According to Ruslan Strilets, Ukrainian Minister of Environmental Protection and Natural Resources, 18 countries have already contributed 14 million euros, with plans to double this amount.

Priorities and use of funds

The funds will be used to restore lost equipment, improve working conditions for employees and purchase fire-fighting equipment to protect ecosystems. The ICCA, created in November 2020 at the request of the Ukrainian government, has expanded its scope since 2022 to include the restoration of nuclear safety and decommissioning capabilities in the exclusion zone.

Progress and challenges for New Safe Confinement

The first CISC grant signed in March 2023 was to support the shelter’s fire safety and safety analysis. A second agreement in February provides for pre-design activities for NSC (New Safe Confinement) and the dismantling of unstable structures. The NSC, completed in 2017, enables remaining radioactive materials to be dismantled remotely and processed for final disposal.

New Safe Confinement structure and capabilities

The NSC, the largest land mobile structure ever built, measures 257 metres wide, 162 metres long, 108 metres high and weighs 36,000 tonnes. Designed to last 100 years, it will enable the 1986 temporary shelter to be dismantled and radioactive waste to be managed in complete safety. This structure is capable of withstanding extreme temperatures, class three tornadoes and earthquakes of magnitude 6 on the Richter scale.

Long-term outlook

The EBRD emphasizes that the ICCA’s long-term focus will be on supporting sustainable site infrastructure and the safe management of decommissioning infrastructure at Chernobyl. The impacts of the war will require ongoing assessment, but it is clear that Ukraine’s ability to maintain stable operations has been severely compromised, making the challenges of decommissioning considerably more complex.

The launch of the Zhaoyuan nuclear project anchors the Hualong One model inland, illustrating Beijing’s strategy of regulatory normalisation in response to Western technological restrictions.
TRISO-X has started above-ground works on the first U.S. facility dedicated to manufacturing fuel for small modular reactors, marking a key industrial milestone in the deployment of the Xe-100.
The first Russian test rig for the experimental ITER reactor has been delivered to the site in France, marking a major milestone in the international collaboration on nuclear fusion.
A strategic report reveals the industrial and energy potential of Allseas’ offshore small modular reactor, which could create up to 40,000 jobs and reduce investment in the power grid.
Niigata’s governor is expected to approve the restart of one reactor at the Kashiwazaki-Kariwa plant, inactive since the Fukushima accident, reviving a strategic asset for Japan’s energy sector.
Canadian firm Aecon and private developer Norsk Kjernekraft have signed a strategic agreement targeting the deployment of BWRX-300 small modular reactors across several potential locations in Norway.
The South African government has officially lifted the PBMR reactor out of inactivity, launching a public investment programme and transferring the strategic nuclear asset from Eskom to Necsa.
The French Court of Auditors values EDF’s grand carénage at over €100bn, while EPR2 reactors already exceed €67–75bn. The State simultaneously directs regulation, financing, and industrial strategy, raising the risk of conflict of interest.
Belarus commits major public investment to add a third reactor at the Ostrovets plant and initiates studies for a second nuclear site to support national energy demand.
Framatome’s accident-tolerant fuel prototype has completed a second 24-month cycle in a commercial nuclear reactor in the United States, paving the way for a third phase of industrial testing.
The Wylfa site in Wales will host three Rolls-Royce small modular reactors from 2026, marking a strategic investment in the UK’s nuclear expansion.
EDF confirmed that the Flamanville EPR has reached a major milestone, while planning a nearly year-long shutdown in 2026 for extensive regulatory inspections and key component replacement.
EDF is opening access to its long-term nuclear supply contracts to companies consuming more than 7 GWh per year, an adjustment driven by the gradual end of the Arenh mechanism.
South Korean authorities have approved the continued operation of the Kori 2 reactor for an additional eight years, marking a key milestone in the national nuclear strategy.
A public-private consortium is developing a 5 MW thermal microreactor designed to operate without refuelling for ten years, marking a strategic step in Brazil's nuclear innovation efforts.
EDF has announced that the Flamanville EPR reactor is now operating at 80% of its capacity. The target of reaching full output by the end of autumn remains confirmed by the utility.
The accelerated approval of the Aurora facility’s nuclear safety plan marks a strategic milestone in rebuilding a domestic nuclear fuel production line in the United States.
The Industrikraft consortium will invest SEK400mn ($42.2mn) to become a shareholder in Videberg Kraft, marking a new phase in Sweden’s nuclear project led by Vattenfall on the Värö Peninsula.
MVM Group has signed an agreement with Westinghouse to secure VVER-440 fuel supplies from 2028, reducing its reliance on Russia and strengthening nuclear cooperation between Budapest and Washington.
The delivery of nuclear fuel by Russian subsidiary TVEL to the Da Lat research reactor marks a key step in strengthening the nuclear commercial partnership between Moscow and Hanoi.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.