Vattenfall signs new nuclear fuel supply contracts

Vattenfall has secured long term nuclear fuel supply contracts with three firms. It has signed commercial contracts worth SEK 1.2 billion  (£0.10bn) with French firm Areva, Russian TVEL and Westinghouse […]

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By Jacqueline Echevarria

Vattenfall has secured long term nuclear fuel supply contracts with three firms.

It has signed commercial contracts worth SEK 1.2 billion  (£0.10bn) with French firm Areva, Russian TVEL and Westinghouse in the US for the 2018/25 period.

The company said the three contracts are in line with its procurement strategy, enabling independency of individual countries and suppliers.

Vattenfall is committed to have at least two qualified suppliers of nuclear fuel to each of its reactors. The fuel related production cost accounts for about one quarter of the total cost of production.

Per-Olof Nestenborg, Head of Vattenfall Nuclear Fuel said: “Long term supplier independence and competitiveness are necessary preconditions for future nuclear profitability and these agreements are key to secure the required production cost.”