Logo
  Tuesday, November 12, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Russian nuclear fuel producer TVEL expects to sign a $780 million
Russian nuclear fuel producer TVEL expects to sign a $780 million contract on fuel supplies to Indian nuclear power plants, a spokesman for Russia's state nuclear power corporation Rosatom said on Saturday.

The contract, if signed, could make Russia the first country to supply nuclear fuel to India since the Nuclear Suppliers Group lifted a three-decade ban on nuclear fuel sales to the country on September 6, 2008.

"The contract is likely to be signed on February 11 in Mumbai," the spokesman said.

Under the deal, Russia would supply India with 2,000 metric tons of uranium pellets.

In December, the French company Areva and India's Atomic Energy Department signed a deal for the supply of 300 tons of uranium to be used in Indian nuclear reactors under International Atomic Energy Agency safeguards.

The fuel contract would be another step in burgeoning nuclear cooperation between Russia and India. On December 5, Moscow and Delhi signed an agreement to build an additional four reactors for the Kudankulam nuclear power plant, where it is finishing two reactors under an earlier contract, and construct new nuclear plants in India.

TVEL is one of the world's leading manufacturers of nuclear fuel, which it supplies to 73 commercial (17% of global market) and 30 research reactors in 13 countries.


Print Russian nuclear fuel producer TVEL expects to sign a $780 million Bookmark Russian nuclear fuel producer TVEL expects to sign a $780 million

Related News   
JanFebruary 2009Mar
MoTuWeThFrSaSu
2627282930311
2345678
9101112131415
16171819202122
2324252627281
2345678