President Vladimir Zelensky announced that Ukraine will continue the construction of the Khmelnytsky Nuclear Power Plant (KNPP) using loan funds or investments. He assured that "there are no issues with this." He made these remarks to reporters on February 13 during his visit to the KNPP.
"Everyone is interested in entering the nuclear sector. There will be no problems with loan funds or investments. If we look at other countries, there are various examples. We can bring an investor on board for a certain part, and it won't be loan money, but rather investment. There are no issues with this because everyone is so interested," he noted.
Zelensky added that Ukraine is not abandoning its plans to construct four power units at the KNPP — two VVER-1000 (Soviet design) and two AP1000 (American design).
"This is a grand project. It will be the energy foundation of Ukraine, the largest station in Ukraine, with a total of over 6 GW. The biggest station in Europe," he emphasized.
The President also expressed gratitude to the Verkhovna Rada for the approval to acquire reactor vessels from Bulgaria for KNPP-3 and KNPP-4. He noted that this was an urgent decision, as Ukraine had its last chance this month for cooperation with the Bulgarian side.
Khmelnytsky NPP, located in western Ukraine at the border of Khmelnytsky, Rivne, and Ternopil regions, began construction in 1981. Currently, the station has two reactors that were commissioned in 1987 and 2004. The project envisions four power units, but the third and fourth units have only been partially constructed.
It is worth noting that former U.S. President Donald Trump showed interest in acquiring rare earth metals from Ukraine in exchange for continued support in the war against Russia. The strategic importance of these resources was also mentioned in one of the points of President Ukraine Volodymyr Zelensky's "victory plan."