In 2008, JSC TVEL sold production in the amount of 51.96 billion Rubles (in 2007 this amount reached 37.29 billion rubles). The company net profit was 29.93 billion Rubles (in 2007 it was 5.83 billion Rubles), the net profit was 65.25 billion Rubles (34.88 billion Rubles in 2007).

TVEL fully fulfilled its contractual obligations on nuclear fuel delivery to Russian and foreign energy and research reactors.

Also in 2008, JSC TVEL completed a number of important tasks that enabled to keep its positions among the four biggest nuclear fuel suppliers in the world and also created a bsis for further development. As a result of a successful tender, a strategic contact with the Slovenske elektrarne company (Slovakia) was signed, arrangements of commercial based pricing mechanisms with the Eastern and Central European partners were reached, preparation for conversion to fuel of the second generation for reactors VVER-440 started in Ukraine and Hungary.

The project “TBS-KVADRAT” continued its successful implementation also in 2008.  In 2008, in the area of "sales of products in USA" contacts with 11 from 31 nuclear power plants operators were established and arrangements with legal and technical consultants were reached and also a project presentation was made in JSC MBP.

The last year was very important for JSC TVEL also in putting the zirconium components and regenerated uranium on the market. One of the important results was preparation of contract documents for semi-processed materials for nuclear fuel delivery to India.  After de-restriction of nuclear materials trading for this country, TVEL was the first company that offered mutually profitable conditions for nuclear materials supply.

According to the results of 2008, JSC TVEL volume of sales at domestic and foreign markets reached 5.6 billion Rubles (107% of scheduled volume). In the Western Europe, USA and South Korea markets calcium production was sold in the sum of 14 million Dollars and lithium production – up  to 9 million Dollars. 

In 2008, we continued to complete strategic tasks which were integrated in the Complex program of developing production and cost reduction (New Image)  and fixed in the complex programs of JSC TVEL associated companies till 2020 (approved by associated companies Boards of Directors and agreed with local administrations). The positive result from the Complex program realization in 2008 reached 858 million Rubles.

JSC TVEL as a socially responsible company conforms to the international information disclosure standards.  The Annual report included information about responsibility of the company with respect to GRI (Global Reporting Initiative) principles.   

The annual book-keeping report including the profit and loss account as of 2008, was approved by the resolution of JSC Nuclear Power Industry Complex from June 30,2009 No. 7. JSC Atomenergoprom is the single shareholder of JSC TVEL. The report is published on the JSC TVEL web site, the URL is: https://www.tvel.ru/common/img/uploaded/files/Annual_report_2008-rus.doc (in Russian only).