Nuclear safety

UKRAINEMAKING CHERNOBYL SAFE

Construction of the Chernobyl New Safe Confinement (NSC) structure reached a major milestone in 2014 when the two halves of the arch-shaped steel structure were lifted and joined together. Upon completion, scheduled for late 2017, the NSC will cover the destroyed reactor 4 at Chernobyl, the site of the 1986 nuclear accident.

Workers began assembling the new structure, which will cost €1.5 billion, at a safe distance from the reactor in 2012. They then carried out a sequence of lifting operations of the two halves. The structure will now be fitted with equipment including an automated crane and a ventilation system to prevent corrosion and ensure it lasts for 100 years.

Once fully assembled, the NSC will be slid over the old shelter housing reactor 4. It will prevent the intrusion of water and snow and provide equipment for the eventual dismantling of the old shelter and remnants of the damaged reactor.

In 2014 we approved additional Bank funding for the Chernobyl Shelter Fund towards completion of the NSC. We will provide an extra €350 million to help close a funding gap of €615 million, in anticipation of a €165 million contribution by the G7 group of countries and the European Commission.

More funding is expected from other donors in 2015, although EBRD governors agreed that the Bank would cover any shortfall left after their pledges.

Our shareholders have contributed almost €700 million of EBRD funds to the completion of projects in Chernobyl.

We will provide an extra €350 million

to complete the NSC

The structure will last for 100 years

The metal frame of the NSC weighs 25,000 tonnes

1,200

workers on site during peak periods