Urenco signs long-term fuel deal with Energoatom

1 December 2023

UK-based enrichment company Urenco and Ukrainian nuclear utility Energoatom signed a new long-term fuel supply contract during the World Nuclear Exhibition in Paris. According to the document, Urenco will supply Energoatom with enriched uranium until 2035 with an option to renew the contract until 2043.

Urenco has worked with Energoatom since 2009. Urenco CEO Boris Schucht said it is more important than ever that Urenco plays its part to assist Ukraine to generate power. “We have provided support to our customer Energoatom, and its employees, and increased our supply of nuclear enrichment services to them to help enable energy independence and security of supply. This latest agreement will continue our productive working relationship.”

Energoatom President Petro Kotin said Energoatom and Urenco already have a positive experience of cooperation and the signing of the contract “is another step towards ensuring the energy independence of our country for years to come”.

After Ukraine ended nuclear fuel supplies from Russia, Westinghouse Electric Sweden became the sole supplier of fuel assemblies with Urenco as the supplier of enriched uranium for Westinghouse fuel manufacture. Current contracts with Urenco on for enriched uranium product (EUP) and natural uranium hexafluoride (UF6), expire in 2025.

Image courtesy of Energoatom

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