Energoatom signs loan agreement for GBP181 mln to finance supply of nuclear materials to Urenco

Energoatom last week entered into a loan agreement for GBP181 million with a consortium of international banks, which includes Deutsche Bank and Barclays Bank, the company reported on Telegram.

Loan funds under the contract between Energoatom and British-based Urenco will be used to finance the supply of nuclear materials – enriched and natural uranium hexafluoride.

The loan agreement is concluded for five years. The guarantee is provided by the UK government through UK Export Finance (UKEF). There are no state guarantees from Ukraine.

As reported, in November 2023, Energoatom and Urenco entered into a contract for the supply of enriched uranium for Ukrainian nuclear power plants until 2035, with the possibility of its extension until 2043.

In addition, two contracts are in force between the parties until 2025, according to which Energoatom supplies nuclear materials to the British company.