JSC TVEL, the fuel company of Russia’s State Atomic Energy Corporation Rosatom has signed with a U.S. nuclear power plant operator the first contract on testing Russia’s TVS-Kvadrat nuclear fuel, Rosatom said in a release on July 19.
TVEL Vice President Oleg Grigoryev said in May that the first Russian test nuclear fuel assemblies TVS-K would be loaded into U.S. reactors in 2018. The World Nuclear News portal reported previously that Russia and the United States would create a strategic alliance to introduce Russia’s TVS-K type nuclear fuel to the U.S. market of nuclear power plants. This requires an approval from the U.S. Nuclear Regulatory Commission.
To date, Russia accounts for 17 percent of the world’s fuel market for nuclear power plants and fully meets the fuel needs of 76 power reactors in Russia and 14 other countries, including Finland, Bulgaria, Hungary, Slovakia, the Czech Republic, Ukraine, Armenia and China. TVEL’s annual export volumes exceed $1 billion.
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