Monday, December 21, 2009

"TVEL "sums up the preliminary results of foreign economic activity in 2009.

TVEL (100% subsidiary of Atomenergoprom) summarizes preliminary results of the business in 2009, and notes the key results of overseas markets, the press service of the company. In 2009, Russia's nuclear fuel manufacturer has fulfilled all contractual obligations in full before the foreign customers. The strategic plan of action TVEL "built on the principles of accounting and customer satisfaction, which once again confirms the policy of mutually beneficial cooperation. In February TVEL's long-term contracts to supply 2000 tons of fuel pellets of uranium dioxide of natural wealth for India's heavy water reactors (PHWR), as well as 58 tons of pills from the low-enriched uranium to produce fuel for 1 and 2 nuclear units TAPS reactors type BWR (boiling water reactor). Total income from these contracts for five years will be about 700 million U.S. dollars. Negotiations with Indian partners to increase co-operation, until the joint production of nuclear fuel for various types of reactors. In May of 2009 at the subsidiary TVEL "," Machine Works ", was made two thousandth fuel assembly for a Western-style reactors according to the specifications of the company AREVA NP. During the cooperation to Russia's manufacturer of fuel was not charged with any claims of quality. As a result of the 2009 meetings and talks at the leadership level TVEL - AREVA have agreed to expand cooperation in a number of new and promising projects, the practical realization of which should begin next year. In 2009, TVEL has started delivering nuclear fuel to the first unit of NPP Temelin after the adoption of CEZ solutions for early discharge of fuel from the U.S. unit. High technical and economic characteristics of Russia's fuel created the prerequisites for the adoption of CEZ solutions for early discharge of fuel from a U.S. company and the second power plant Temelin and replace them with Russia's fuel since 2011. In 2010, TVEL plans to sign contracts for the supply of fuel for full load of the unit. Management of the Slovak nuclear power plant operator has decided to conclude with TVEL's contract for the supply of fuel for power plants under construction number 3 and 4 of NPP Mochovce. Commercial contract ready for signature, the ceremony will be held early next year. Last year the company delivered a new generation of experimental fuel assemblies with improved performance at the Hungarian Paks NPP. Following the pilot operation received the approval of the Hungarian supervisory authority to transfer all the units of Paks NPP to the new fuel since 2010. In 2009 an agreement was signed on cooperation with another European operator of nuclear power for the licensing of FA-square of another country in Western Europe. Negotiations continue with other foreign partners to organize the supply of FA-square on the American and Asian markets for nuclear fuel. This year has been fully agreed upon and prepared to sign long-term contract for fuel supplies for Ukrainian nuclear power plants after 2010. The document provides for Russia's TVS at least 12 units in 10 years. Developed justification for investment purposes (OBTSIN) to draft a model of regional plant for the fabrication of fuel abroad. TVEL intends to participate in the bidding process in Ukraine at the choice of partner for the construction of the plant. In addition, Russia's nuclear fuel manufacturer has serious progress in the negotiations on this project with other European countries. Successfully being implemented license agreement on the transfer of Ukrainian production technology components FA of stainless steel. Production of the first qualifying batch is scheduled for 2010. TVEL's continued to work with the Canadian public by AECL (Atomic energy of Canada Limited) for the qualification of JSC "CSW" as a supplier of pressure pipes for water reactors CANDU. In 2010, TVEL's plans to enter the signing of a contract for the supply pipe pressure in Canada for use in upgrading technology of this type of reactor, a developer and exporter which is AECL. In 2009, also signed a contract with the South Korean company to supply KNF qualifying party tube blanks from the Korean zirconium alloy HANA.

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