Investigations Intensify Around Zelensky's Chief of Staff
#politics #ukraine #corruption #investigations #energoatom
NABU widens its probe into Andriy Yermak over alleged Energoatom embezzlement as he resigns amid political fallout.
## Ukraine's Nuclear Powerhouse: Energoatom Energoatom stands as Ukraine's largest electricity producer and the backbone of the nation's energy infrastructure[1]. Established in October 1996 under a Cabinet of Ministers ordinance, this public enterprise operates all four of Ukraine's nuclear power plants: Zaporizhzhia, Rivne, South Ukraine, and Khmelnytskyi[1]. **Scale and Capacity** The company manages 15 nuclear units comprising 13 VVER-1000 reactors and 2 VVER-440 reactors, delivering a combined installed capacity of 13,835 MW[1]. Energoatom provides approximately 55% of Ukraine's electricity needs, rising to 70% during autumn-winter months[4]. Beyond nuclear generation, the company operates the Tashlyk pumped-storage power plant (453 MW) and the Oleksandrivska hydroelectric plant (25 MW)[3]. Remarkably, Energoatom ranks seventh globally in nuclear production and among the world's five largest nuclear power plant operators[4]. **Corporate Transformation** In a significant governance shift, Ukraine's government transformed Energoatom from a state enterprise into a joint-stock company in late 2024, with the state retaining 100% ownership[2]. This corporatization initiative, approved in May 2023, aimed to strengthen governance, transparency, and accountability while opening opportunities for international partnerships[2][3]. **Economic Significance** The organization contributes approximately 4% to Ukraine's national GDP and generates annual revenues around 200 billion hryvnia ($4.7 billion)[4][5]. Its mission encompasses safe electricity generation, energy security, and sustainable economic development[4]. **Recent Challenges** Energ
#politics #ukraine #corruption #investigations #energoatom
NABU widens its probe into Andriy Yermak over alleged Energoatom embezzlement as he resigns amid political fallout.