Ukraine Moves Forward with SMR Plan From Energoatom and Holtec International
Energoatom and Holtec International have formalized an agreement to build up to 20 nuclear power units in Ukraine, each equipped with SMR-160 reactors. The arrangement, announced through Energoatom’s official channels, marks a major step in Ukraine’s nuclear energy program and a shift toward advanced modular reactors.
The signing ceremony occurred via video link and featured high level participants, including Chris Singh, President and CEO of Holtec International, and Riaz Avan, Holtec’s Vice President for Ukraine activities. Also in attendance were Herman Galushchenko, Ukraine’s Minister of Energy, and other representatives from Energoatom. The event underscored a collaborative approach between Ukrainian energy authorities and the international partner to advance the project.
Officials indicated that the first reactor would enter the electricity grid by March 2029, setting a tangible milestone for project timelines. The Ukrainian energy minister emphasized that the new reactors are intended to help restore resilience to the country’s heat and power infrastructure, which has faced damage in recent years. In addition to electricity generation, the plan includes establishing domestic production lines for high tech components used in SMR systems, enabling local job creation and knowledge transfer.
The accord also touches on broader strategic aims, including securing a steady supply of essential materials. Historically, Energoatom has collaborated with Cameco, a Canadian mining company, on uranium concentrate supplies. The new agreement signals continuity and potential expansion of such partnerships, with the aim of supporting Ukraine’s long term energy security and diversification of its nuclear fuel supply chain. Industry observers note that the arrangement aligns with a global trend toward modular reactor deployment and accelerated capacity building in regions seeking rapid energy augmentation.
Analysts stress that realizing the plan will require addressing regulatory, safety, and grid integration considerations. The collaboration envisions establishing a robust domestic ecosystem that can sustain SMR production, maintenance, and skilled employment. Observers also highlight the importance of transparent oversight and rigorous safety standards as Ukraine advances its nuclear modernization program, which seeks to bolster energy independence while meeting growing demand from industry and households. The partnership is described as a signal of renewed commitment to modern energy infrastructure and international cooperation in the sector.
As the project unfolds, stakeholders will monitor milestones ranging from licensing and site preparation to component fabrication and on site commissioning. The ultimate objective remains clear: to deliver reliable, clean energy through a scalable, modular reactor platform that complements Ukraine’s broader energy diversification strategy and supports its recovery and resilience in the coming years. The parties involved have stressed that the plan will proceed with careful alignment to national regulations, international best practices, and ongoing dialogue with energy users and communities affected by the transition.