Homepage News Czech Export Bank going to finance safety of the biggest nuclear power plant in Europe

Czech Export Bank going to finance safety of the biggest nuclear power plant in Europe

Date: 28. 6. 2017

Czech technological equipment will contribute to the enhancement of safety standards of the Zaporozhe nuclear power plant in the South-East of Ukraine. Czech Export Bank (ČEB) is going to support the Ukrainian party in its procurement from a domestic producer – company Škody JS a.s. The supply of a Czech origin is going to be used by the Ukrainian owner of the Zaporozhe nuclear power plant, NAEK Energoatom and ČEB is going to provide this company a loan amounting to 30 million Czech crowns for the purpose of purchasing goods from Plzeň. ČEB is thereby going to finance the supply of equipment for blinding the ionization chamber channels of the greatest nuclear power plant in Europe.

"By the loan to be provided to the Ukrainian partner we will support local production of goods having a great added value. Further, through the execution of that business case, Czech Export Bank will join the absolute world-class in the given branch of business" says Karel Bureš, the chairman of the board and general director of ČEB.

In light of export, after Slovakia and Hungary, Ukraine represents the third most important market for Škoda JS. "Thanks to long-term cooperation and supplies we are well established and we see a great potential in that market in the future. We significantly contribute to the modernization of local nuclear power plants and increasing their safety”, adds Josef Perlík, the chairman of the board and general director of Škoda JS.

The need for the implementation of the work results from so-called post-Fukushima measures, in other words increasing safety standards required by the authorities in relation to the accident in the Japanese Fukushima nuclear power plant in the year 2011. Škoda JS is going to install the equipment yet in this year.

So far ČEB has similarly financed several business contacts between the Ukrainian NAEK Energoatom and Czech supplier Škoda JS amounting to total CZK 1.1 billion.