Chernobyl

Nuclear Safety Account

The Nuclear Safety Account (NSA) currently finances the Interim Storage Facility 2 (ISF2) and the Liquid Radioactive Waste Treatment Plant (LRTP).

The Nuclear Safety Account dates back to 1993 when it was set up at the initiative of the G7 to provide safety assistance to countries operating Soviet-designed nuclear power plants. In the following years, the EBRD-managed fund successfully completed urgent nuclear safety improvements in power plants in Bulgaria, Lithuania and Russia.

 

One of our biggest projects in Chernobyl is the new Interim Spent Fuel Storage Facility, the largest of its kind in the world. It will process fuel from all Chernobyls reactors, the last of which was finally closed down in 1999.

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In 1995 the NSA extended its activities to Ukraine. Initially, it funded nuclear safety and security projects at unit 3 of the Chernobyl Nuclear Power plant. This was the last remaining reactor in operation at that time. Since 1998 the fund has been focussing on the construction of two vital infrastructure projects: the Interim Spent Fuel Facility (ISF2) and the Liquid Radioactive Waste Treatment Plant (LRTP).

The following contributors are members of the NSA: Belgium, Canada, Denmark, European Union, Finland, France, Germany, Italy, Japan, the Netherlands, Norway, Russia, Sweden, Switzerland, the United Kingdom, Ukraine and the United States.

Azerbaijan has made a donation.

Overall as of the end of 2015 the NSA has received some € 385 million.

The EBRD provides €215 million of its own resources to support construction of the Interim Spent Fuel Storage Facility.