EU and UK make contributions to EBRD-managed Chornobyl ICCA fund
The European Union and the United Kingdom will make contributions to the EBRD-managed International Chernobyl Cooperation Account (ICCA) as part of ongoing international efforts to support the restoration of the key functions of the New Safe Confinement (NSC) at the Chornobyl nuclear power plant (ChNPP) in Ukraine.
The EU will contribute up to €25 million, while the United Kingdom will contribute up to €6.7 million. Both pledges were made at the ICCA Assembly meeting on 26 June, in London. The money will be used to fund emergency repairs to the NSC following the Russian drone attack in February 2025.
According to the EBRD, that strike has severely affected the NSC’s two primary functions: containing radiological hazards and supporting long-term decommissioning. Key systems designed to ensure the NSC’s 100-year lifespan have been rendered non-operational, with a significant risk of further deterioration in the absence of swift emergency repairs.
“While it is difficult to provide an accurate estimate of the cost of repairs to the NSC at the moment, the scale of the damage and the complex radiological environment suggest that the total cost of the emergency works could exceed €100 million,” says a press release by EBRD.
The International Chernobyl Cooperation Account (ICCA) was established by the EBRD in November 2020 at the request of the Ukrainian government. It was set up as a multilateral fund to support the development of a comprehensive plan for Chornobyl. The EBRD manages the ICCA, which currently holds some €25 million in donor funds.
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