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Atomenergoprom

August 24, 2009

US DOC approved another long-term LEU supply contract from Russia to US utilities

On August 19, 2009 the United States Department of Commerce (US DOC) approved a contract for the JSC «Techsnabexport» (TENEX, a 100-% subsidiary of the JSC «Atomenergoprom») to supply low enriched uranium (LEU) directly to the American utility Constellation Energy Nuclear Group (CENG). As it was reported earlier, the contract, the sixth amongst those concluded between US utilities and TENEX in May-July 2009, provides for the LEU deliveries between 2015 and 2025.

Two TENEX-EXELON contracts were approved by the US DOC earlier; the remaining three (with the FUELCO group) are under the approval process. The Amendment to the Russian Suspension Agreement signed by the State corporation «Rosatom» and the US DOC in February 2008 is proved to be effective in securing long-term contractual Russian LEU supplies by US utilities on mutually-advantageous terms.

 

 

 

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