Russian fuel company signs long-term deals with Japanese and US utilities

15 June 2009

JSC Tekhsnabexport, an affiliate of JSC Atomenergoprom, signed two contracts with Japanese and US corporations establishing provisions for commercial supply of low-enriched uranium, including a contract with Japanese Chubu Electric Power, which operates the Hamaoka Nuclear Power Plant on Honshu Island. By the year of 2022, the total volume of supply to Japan is estimated at 100 million dollars. The second contract was awarded to an American company Fuelco LLC, representing the interests of PG&E, Ameren Corp and Luminant. The contract price to supply enriched uranium to the USA market during 2014-2020 exceeds $1 billion.

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