Are safety upgrades and lifetime extensions synonyms in the Ukrainian nuclear sector?
Briefing | 15 May 2011
In November 2010 the EBRD, together with the European Union, announced its involvement in the EUR 1.2 billion Nuclear Power Plant (NPP) safety upgrade project for Ukraine. While safety upgrades at first appear a positive initiative, this project makes sense only in the context of NPP lifetime extensions, otherwise there is no reason to finance costly upgrades for facilities that will anyway close in a couple of years. And though the project promoter clearly links these safety upgrades with lifetime extensions, the EBRD is reticent to do so.