The Ukrainian government is to spend around $1bn in improving safety at the company’s nuclear power plants over the next two years.

The news was announced by Ukrainian Energy and Coal Industry Minister Yuriy Boiko.

Ukrainian Energy and Coal Industry Minister Yuriy Boiko
“Improving safety at nuclear power plants is a priority in Ukraine’s energy independence. Our plants have passed stress tests, we have taken measures, and at the end of the year we will sign a loan agreement with Euratom, and about $1bn will be invested in the next two years in improving the safety of our nuclear power plants,” the minister was quoted by the UKRINFORM.

Boiko added that a high-voltage power line from Rivne Nuclear Power Plant to Kiev was currently being built.

When completed the 350-kilometer-long high-voltage line will be one of the largest projects in Europe and provide the country with more than 50,000 jobs.

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