Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Zaporizhzhia nuclear plant could restart months after ceasefire, IAEA chief says
    Headlines

    Zaporizhzhia nuclear plant could restart months after ceasefire, IAEA chief says

    Zaporizhzhia nuclear plant could restart months after ceasefire, IAEA chief says

    Published by Global Banking and Finance Review

    Posted on March 26, 2025

    Featured image for article about Headlines

    By Francois Murphy

    VIENNA (Reuters) - The Russian-held Zaporizhzhia nuclear power plant in Ukraine could come back online within months of a ceasefire, but it would probably take more than a year to restart all six reactors, the U.N. atomic watchdog chief said on Wednesday.

    Russian forces took over Europe's biggest nuclear power plant a week after invading Ukraine. Zaporizhzhia, now near the front line, provided 20% of Ukraine's power output before the war. All its reactors are shut down as war rages around it and threatens to cause a potentially catastrophic accident.

    Russia and Ukraine accuse each other of attacks including shelling and drone strikes that have downed power lines essential to preventing a meltdown, damaged an International Atomic Energy Agency vehicle and set a cooling tower on fire.

    "What we want is to have a moment where we will be able to confirm that there is no longer active combat in this area," IAEA chief Rafael Grossi told Reuters in an interview.

    "This will be, I would say, tangible progress because we can move to a non-war mode," he said.

    U.S. President Donald Trump is pushing for an end to the war in Ukraine and a rapid rapprochement with Moscow that has alarmed Kyiv and European countries.

    The IAEA is not part of those talks and while it says the plant is Ukraine's under international law, it must work with whichever country controls the plant. Grossi said he took no view on how a cessation of hostilities should be set up.

    A U.S. statement said Trump suggested in a call with Ukrainian President Volodymyr Zelenskiy last week that the United States could help run, and possibly own, Ukraine's nuclear power plants.

    Zelenskiy denied ownership was discussed but said Zaporizhzhia was among the topics, adding that Kyiv would be ready to discuss U.S. involvement in modernizing the plant if it were returned to Ukraine. Russia, however, says any transfer to Ukraine or another country is "impossible".

    'NOT IMPOSSIBLE'

    The IAEA has a small number of staff stationed at Zaporizhzhia. Its last quarterly report said the safety and security situation at Zaporizhzhia remains precarious, and armed Russian troops had prevented access to parts of the plant.

    "In terms of the safety of the plant and the general situation at the plant, I have to say that it is professionally controlled and managed (by Russia)," Grossi said.

    "Some maintenance work ... (was) perhaps not as comprehensive as we could have had, but this is also a function of the war," he said.

    Despite that, a relatively rapid but gradual restart of the plant, one reactor at a time, should be possible, he said.

    "We're talking about months, and perhaps for the whole Zaporizhzhia nuclear power plant to be back and operating in full with all the six units, it would take more than a year maybe, perhaps even more," Grossi said, adding that operating all the reactors would be "difficult but not impossible".

    Water for cooling has been a concern since the plant's biggest source, the nearby Kakhovka reservoir, was emptied after its dam was blown up in 2023. That led to wells being dug at Zaporizhzhia.

    More ambitious solutions to bring water from further away were ruled out because of the hostilities, but a ceasefire could make them possible, paving the way for operating all reactors, Grossi said.

    "If you are in a ceasefire situation, then you can envisage more ambitious work that will beef up ... your cooling capacity. So it's not impossible," he said.

    (Reporting by Francois Murphy, Editing by William Maclean)

    Related Posts
    Germany removes dividend ban for Uniper, paving way for IPO
    Germany removes dividend ban for Uniper, paving way for IPO
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    China's HSG buys majority stake in Italian luxury sneakers Golden Goose
    Rubio says not concerned about escalation with Russia over Venezuela
    Rubio says not concerned about escalation with Russia over Venezuela
    French government to appeal court ruling on Shein
    French government to appeal court ruling on Shein
    Rome to charge tourists to get close to the famed Trevi Fountain
    Rome to charge tourists to get close to the famed Trevi Fountain
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    Court in Brazil's Minas Gerais slaps down Nestle copyright lawsuit
    German court jails man for drugging, raping wife, posting assaults online
    German court jails man for drugging, raping wife, posting assaults online
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    Rubio says progress has been made in talks to end war in Ukraine, but still a ways to go
    UniCredit issues its first tokenised structured note
    UniCredit issues its first tokenised structured note
    Ukraine starts new round of talks with US,  Kyiv negotiator says
    Ukraine starts new round of talks with US, Kyiv negotiator says
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Turkey finds Russian Orlan-10 drone in northwestern city – interior ministry
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'
    Trump said he has no bigger healthcare plans: Obamacare will 'repeal itself'

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Headlines PostKenya recognises Kosovo as independent state, first such move in five years
    Next Headlines PostUkraine says Russia unable to manage Zaporizhzhia nuclear plant safety

    More from Headlines

    Explore more articles in the Headlines category

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    NATO sees positive signs Czech ammunition scheme for Kyiv may continue

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Freed Belarus opposition figures Kalesnikava, Babaryka to speak in Berlin on Tuesday

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Maersk tests Red Sea route as Gaza ceasefire offers hope

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Trump envoy Witkoff to meet national security advisers of Ukraine, Germany, France and UK

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    Russia's tax proceeds from oil may fall in January to the lowest since 2022, Reuters calculations show

    French court rules against Shein suspension over sex doll sales, government to appeal

    French court rules against Shein suspension over sex doll sales, government to appeal

    No drop in military aid to Kyiv since US policy shift, NATO official says

    No drop in military aid to Kyiv since US policy shift, NATO official says

    How is Britain's government doing on its housing targets?

    How is Britain's government doing on its housing targets?

    Cricket-England's Barmy Army earns praise for litter-picking

    Cricket-England's Barmy Army earns praise for litter-picking

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Factbox-What are shipping companies' plans for return to Suez Canal?

    Big central banks signal rate-cut cycle is ending

    Big central banks signal rate-cut cycle is ending

    Embraer's Eve makes maiden flight of 'flying car' prototype

    Embraer's Eve makes maiden flight of 'flying car' prototype

    View All Headlines Posts