New contract of Techsnabexport for supply of low-enriched uranium to Switzerland, Rosatom

Release Date: 2010-01-13

Techsnabexport JSC (TENEX, 100% subsidiary of Atomenergoprom) and KernKraftwerk Leibstadt AG (KKL, Switzerland) signed a new contract for supply of low-enriched uranium for further processing to fuel assemblies for KKL nuclear power plant during 2011-2025, which entered in force on January 11. The cooperation between TENEX and KKL started in 1996, and the new contract is the only one in the country for the Russian supplier

The KKL NPP with BWR-type reactor (1,220 MW (el.) was commissioned in 1984, with preliminary decommissioning scheduled in 2044. Its share in the total nuclear electricity generation at 4 NPPs in Switzerland is about 40%. The largest KKL's shareholder is Axpo AG (23%), which is also the shareholder of another NPP Gosgen and a sole proprietor of NPP Beznau.

The new contract of Techsnabexport is in compliance with the company's policy aimed at development and consolidation of direct long-term business relations with end-users of the Russian nuclear industry products and services. It is also of a strategic importance for KKL because contributes to a reliable long-term fuel supply to the NPP and guarantees a steady electricity generation.

Type:	NORMAL
Company:	Rosatom
Country:	Russian Federation