Mitsubishi Electric commits to stage two of SMR-160 Alliance with Holtec with a large resource commitment
June 10, 2019 Camden, NJ: Ukraine’s national nuclear operator NAEK Energoatom, the nation’s State Scientific and Technology Center (SSTC), and Holtec International ratified the creation of a consortium partnership that binds the three companies into a cooperative undertaking to chaperone the deployment of the SMR-160 small modular reactors in the country. The Consortium is a US company registered in Delaware with each of the three parties owning allotted shares. The Consortium’s technology operation center will be based in Kiev, Ukraine. This Consortium will give fresh impetus to realize the objectives of the MOU signed by Energoatom and Holtec last year that envisages building of six SMR-160s at the country’s Rivne nuclear station site. President Yuriy Nedashkovskyof Energoatom and Dr. Kris Singh of Holtec signed the Consortium document in person with SSTC President Igor Shevchenko signing remotely. The signing ceremony was attended by senior Holtec officials and delegations from Mitsubishi Electric Corporation (MELCO), US Department of Energy and Energoatom. Speaking at the signing ceremony, Mr. Nedashkovsky spoke of the dominant role played by nuclear in Ukraine’s energy mix providing over 50% of the nation’selectric generation and expressed the confidence that SMR-160s will provide a clean energy successor to the nation’saging fleet of coal-fired plants. He assured the attendees that there is a national consensus in Ukraine to build SMRs which has been reached after extensive research and consultations.