OREANDA-NEWS. The National Commission of Securities and Exchange of Ukraine finished the registration procedure of an additional issue of shares of the Russian-Ukrainian NF Plant at an amount of UAH 160 Million (about USD 20 Million).

It is planned to spend the said funds for the development of the project, assessment of costs of the Russian technologies, procurement of non-standard equipment, current operations of the joint venture, as well as implementation of other important activities, including the financing of preparatory works immediately on the site.

Therefore, while the additional issue of shares was successful only at the second attempt and at a later date, the shareholders of the joint venture had fulfilled their financial obligations in 2012.

The next issue of a total amount of USD 84 Million must take place before July 1, 2013, as agreed by the Fuel Company of ROSATOM TVEL and the State Concern Nuclear Fuel. The commissioning date of the plant will directly depend on timeliness of the money pay in.

According to the feasibility study, a total cost of the project is about USD 462 Million. The shareholders must put in the project about USD 120 Million in equal shares, of which USD 20 Million were transferred in 2012. As the plant is certified and licensed, it will cover all needs of the Ukrainian NPPs in nuclear fuel.