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Contract for Storage of Chernobyl Used Nuclear Fuel

Summer 2007

White and Williams represented Marlton, NJ-based Holtec International in its negotiations of the contract whereby Holtec will oversee the interment of Chernobyl’s used nuclear fuel in dry storage systems in full conformance with Ukraine’s national safety standards.

Commencing in mid-summer of 2007, Gary Biehn first assisted Holtec—a U.S.-based diversified energy technology company—in its negotiations with the Chernobyl State Specialized Enterprise in Holtec’s efforts to conclude many months of discussions for the construction of the Chernobyl facility for spent fuel assemblies. To advance the discussions in late summer, Holtec with the assistance of Gary, moved the negotiations to Slavutich, Ukraine where critical details of the Chernobyl contract were advanced as the result of week-long discussions between the parties and representatives of the European Development Bank.

That contract eventually led to the signing of a partnership between Holtec and the Ukrainian government in the fall of 2007. Under this contract, Holtec will complete the dry storage project, begun in 1999 by another contractor.

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