Rosatom Preparing Support With French ECA For Foreign Nuclear Power Plants

(UrduPoint News, Moscow, 31st May, 2021) Atomenergoprom JSC, a subsidiary of Russian state corporation Rosatom, consolidating all civil assets of the Russian nuclear industry, is working with the French Economy Ministry on a new mechanism for financial support of its nuclear power plant construction projects abroad with the participation of French export credit agency Bpifrance Assurance Export, according to Atomenergoprom's 2020 annual report. Work continued with the French Ministry of Economy and Finance on the development of a fundamentally 'new mechanism' for financing the company's projects for the construction of nuclear power plants abroad, and will continue in 2021" the report says. No further details are provided. In another nuclear power story involving ECAs, Ukrainian nuclear power plant operator Energoatom told ambassadors of the Group of Seven (G7) and the head of the EU mission in Ukraine that it has "made significant progress" with its strategy to diversify its sources of nuclear fuel. Since 2010, they have signed three contracts for the supply of nuclear materials for the production of nuclear fuel by Urenco, which is one of Westinghouse's nuclear fuel suppliers. Their current contract was signed in July 2019. They are now considering increasing the volume of supplies of nuclear materials under that contract and attracting funding under the UK government's export support programme, which is being implemented through UK Export Finance, the UK's export credit agency.