12:10 29.01.2018

Energoatom, Westinghouse extend contract on nuclear fuel supplies until 2025

Energoatom, Westinghouse extend contract on nuclear fuel supplies until 2025

National Nuclear Generating Company Energoatom and Westinghouse Electric extended the term of a contract on supplies of nuclear fuel until 2025 in Brussels on Monday.

"The contract includes nuclear fuel deliveries to seven of Ukraine’s 15 nuclear power reactors between 2021 and 2025, expanding and extending the existing contract for six reactors that was set to expire in 2020," Westinghouse said in a press release.

The manufacturing and assembly of the nuclear fuel will be performed by the Westinghouse fuel fabrication facility in Västerås, Sweden, where parts of the production lines are solely dedicated to VVER-1000 fuel. Deliveries against the contract will begin in 2021, immediately following the conclusion of existing contract.

"This contract extension solidifies Westinghouse’s role as a strategic partner for Energoatom and demonstrates our ability to support Ukraine with their energy diversification. Under the terms of the new contract, our relationship with Ukraine will be strengthened through our plan to source some of the fuel components from a Ukrainian manufacturer," Westinghouse President and Chief Executive Officer José Emeterio Gutiérrez said.

Energoatom President Yuriy Nedashkovsky said that Energoatom is the only operating utility of VVER-1000 reactors in the world that has fully diversified sources of nuclear fuel supply.

"Cooperation with Westinghouse was integral to achievement of this goal," he said.

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