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Belarusian nuclear power plant promised mutually acceptable prices for nuclear fuel

Economy 15.05.2018 | 14:05

SOCHI, 15 May (BelTA) – Prices for nuclear fuel for the Belarusian nuclear power plant will be mutually acceptable and profitable, BelTA learned from the company's Senior Vice President for Commerce and International Business Oleg Grigoryev during the Atomexpo forum in Sochi on 15 May.

“The prices are definitely mutually acceptable and profitable. I think the Belarusian partner will be fully satisfied with prices, quality, reliability, and effectiveness of the fuel,” said Oleg Grigoryev.

The first batch of fuel rods is expected to be delivered in November 2018. The general contract for building the Belarusian nuclear power plant provides for delivering enough fuel via Atomstroyexport Company to charge each power-generating unit one time and recharge them one more time later on. “We've agreed and the general contract stipulates that fuel will be manufactured using the pricing practices Russian nuclear power plants enjoy. Only raw materials will be bought at prices on the spot market. But the manufacturing process will be guided by the same principles Russian nuclear power plants enjoy,” explained Belarusian Deputy Energy Minister Mikhail Mikhadyuk.

After that TVEL Fuel Company will supply fuel to the Belarusian nuclear power plant via a direct contract. Mikhail Mikhadyuk specified that the contract signed with TVEL Fuel Company provides for fuel deliveries in the next 14-15 years.

The Belarusian nuclear power plant is being built using the Russian standard Generation III+ design AES-2006 near Ostrovets, Grodno Oblast. The first power-generating unit is scheduled for commissioning in 2019, with the second one to go online in 2020.

TVEL Fuel Company is part of the Russian state nuclear industry corporation Rosatom. The company comprises enterprises for fabricating nuclear fuel, for converting and enriching uranium, enterprises that make gas centrifuges, research and design divisions. TVEL Fuel Company is the only supplier of nuclear fuel for Russian nuclear power plants. TVEL Fuel Company provides nuclear fuel to 75 power reactors in 14 countries across the globe, research reactors in eight countries, and transport reactors for Russian nuclear-powered sea vessels. Every sixth power reactor in the world uses fuel made by TVEL Fuel Company.

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