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European Bank for Reconstruction and Development (EBRD) very anxious about Chernobyl nuclear situation

 The European Bank for Reconstruction and Development (EBRD) is extremely
concerned by recent developments at the Chernobyl Nuclear Power Plant
(ChNPP) in Ukraine. The EBRD, which has been managing over €2.5 billion
in international funds to transform Chernobyl since 1995, believes that
recent events are putting in jeopardy the achievements of decades of
successful international collaboration to secure the site.

The Bank’s position on ChNPP is fully aligned with the International Atomic Energy
Agency (IAEA) and is based on the following safety and security
considerations: Uninterrupted power supply must be maintained for the
Chernobyl facilities.

Any loss of power is potentially a serious threat to
their nuclear safety. Since monitoring and control systems on site do not
work, operators will not be aware of possible risks. They must stay in
operation. The Chernobyl facilities have been operated by the same depleted
shift of employees for more than two weeks. Normal shift rotation as well
as supplies to operating staff must be ensured.

Any military action on site
is extremely dangerous for the old spent fuel storage facility housing
around 20000 RBMK fuel assemblies. Inspections by the Ukrainian regulator
and the IAEA must be allowed. Beyond Chernobyl, there are 15 VVER-type
units across Ukraine. They have a relatively weak containment and will not
withstand a direct hit, which may result in irreversible consequences. EBRD 11th March 2022

March 12, 2022 - Posted by | Afghanistan, business and costs

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