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Energy minister: companies queue up to finish Khmelnytskyy NPP

Oil trader Vitol seen as leader.

A number of foreign companies are looking into the completion of power units №3 and №4 at the Khmelnytskyy nuclear power plant in Neteshyn, Khmelnytskyy Region, for the export of electricity to Poland, Minister of Energy and Coal Industry Ihor Nasalik the interest of told a press conference on 4 August

Within a 100-day term, a program has been worked out, in which Canadians and Americans, and European companies have showed interest, in particular the company Vitol. The program provides for the completion of the KNPP units №№ 3and 4 to export electricity to Poland - he said.

Vitol Group is a Swiss-Dutch company specializing in the trade in oil and oil products, headquartered in Rotterdam. It was founded in 1966. Vitol is the world-largest oil trader.

In early October last year, Ukraine announced abandoning partnership with Russia in the completion of the KNPP, and cancelled an intergovernmental agreement signed 2010. Russian Atomstroyexport as the contractor was to build two VVER-1000 reactors at the KNPP. It was planned that construction will be completed in 2015-2016. However, in September 2014, the head of Ukraine's Energoatom Yuriy Nedashkovskyy accused Atomstroyexport of disrupting the deal, and in December said that Ukraine officially started its denunciation.

In late 2014 Nedashkovskyy said that the Czech conglomerate Skoda would participate in the NPP completion project.

The Khmelnyytsky nuclear power plant (KNPP) is located near the city of Neteshyn, Khmelnytskyy Region. Currently, it operates two VVER-1000 power units with a total capacity of 2000 MW (commissioned in 1987 and 2004). The main purpose of the station is to cover the shortage of electric power in western regions of Ukraine.

Currently, Ukrainian NPPs run 15 nuclear units: six at the Zaporizhzhya NPP (the nuclear power station in Europe), four at Rivne NPP, three at South Ukrainian NPP and two at KNPP.