Ukraine's Ministry of Fuels and Energy today signed a memorandum of understanding with Atomic Energy of Canada Ltd., pledging to develop a plan for the commercial use of Canadian nuclear technology in Ukrainian plants.
This is great news, Ukraine's President Viktor Yushchenko told a business audience at the Economic Club of Toronto.
It's a great work plan.
Ukraine is interested in using Canadian technology to burn uranium recovered from its current VVER reactors, Atomic Energy of Canada said in a news release.
Atomic Energy of Canada also is in talks with Lithuania, Romania and Turkey to sell its technology, the state-owned company said.