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Rosatom’s investment committee adopts creation of new conversion facility

March 23, 2012, 20:36 UTC+3
Rosatom granted to TVEL a right to hold talks between Russia’s design companies, involved in the working out of design documents for such complicated projects
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MOSCOW, March 23 (Itar-Tass) —— The Investment Committee of the Russian State Atomic Energy Corporation Rosatom has adopted a plan for the creation of a new conversion facility on the basis of the Siberian Chemical Plant (which is a part of the Rosatom Fuel Company TVEL).

“The new plant will concentrate Russia’s whole uranium conversion and will be located at two sites of the Siberian Chemical Plant,” the corporation said in a statement on Friday, adding, “Investments in the project are estimated at more than seven billion roubles [USD 1 = RUB 29.40].”

Rosatom granted to TVEL a right to hold talks between Russia’s design companies, involved in the working out of design documents for such complicated projects.

The Siberian Chemical Plant is located in the town of Seversk and embraces five facilities for processing of nuclear materials and a thermal power plant. One of the key spheres of the Siberian Chemical Plant’s activities is to supply uranium fuel to nuclear power plants, as well as to produce thermal power and electricity.

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