Ukraine's Energoatom becomes joint-stock company

MOSCOW. Dec 29 (Interfax) - The Ukrainian state-owned enterprise National Nuclear Energy Generating Company Energoatom has been transformed into a joint-stock company, with all shares owned by the state, Ukrainian media quoted Taras Melnichuk, the government's representative in the Verkhovna Rada, as saying on Telegram.

He said government decisions adopted on Friday provide for the creation of JSC Energoatom, the approval of its charter and statutes on the supervisory board and the principles of its formation.

"It was established that the joint-stock company is the legal successor of all property and non-property rights and obligations of the State Enterprise National Nuclear Energy Generating Company Energoatom from the date of state registration of the joint-stock company," Melnichuk said.

"Corporatization will strengthen the company's governance, transparency and accountability. This also opens up new opportunities to develop our nuclear energy and partnerships with international companies," Ukrainian Prime Minister Denis Shmygal said on Telegram.

The Ukrainian government on June 27, 2023 approved the plan for corporatizing Energoatom, with the government retaining full control over the company. The process was to be completed by March 2024.

Energoatom operates the Rovno NPP with four generating units with combined capacity of 2.835 GW, the Khmelnitsky NPP with two units totaling 2 GW and the South Ukraine NPP with three 1 GW units.