Uranium joint ventures set up

30 November 2001

Russia's TVEL, Kazakhstan's Kazatomprom and Ukraine's national nuclear energy company NAEK, under the Ukrainian Fuel and Energy Ministry, have jointly set up an enterprise to produce fuel assemblies for Ukraine's reactors. Each of the founders has an equal share of 33.3% in the venture.

Kazatomprom will convert fuel into pellets at the Ulba Metal Plant in east Kazakhstan, TVEL will produce the assemblies and NAEK will produce zirconium for them. The venture hopes to supply all of Ukraine's nuclear power stations. Ukraine's demand for fuel pellets is estimated at about 300,000 a year. The Ulba Metal Plant has the capacity to produce between 1000 and 1500 a year. The joint venture's main task is to improve fuel in order to improve the efficiency of nuclear power stations.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.