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Russia’s Rosatom expects to capture 10% share on US nuclear fuel market

May 30, 18:36 UTC+3 MOSCOW
Russia currently holds 17% of the world’s NPP fuel market, fully covering the requirements of 76 nuclear reactors in Russia and 14 other countries
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© Sergei Fadeichev/TASS

MOSCOW, May 30. /TASS/. Russia’s civilian nuclear power corporation Rosatom sees prospects in cooperation with the United States in Russian nuclear fuel deliveries, Vice-President of Rosatom’s TVEL Fuel Company Oleg Grigoryev said at the Atomexpo-2016 forum on Monday.

"We expect the share of our deliveries to be more than 10% of the US market for this kind of fuel," the vice-president said.

World Nuclear News (WNN) web portal reported earlier that Russia and the United States would establish a strategic alliance for bringing the Russian TVS-K nuclear fuel assembly to the market of US nuclear power plants. This move requires an approval from the US Nuclear Regulatory Commission.

TVEL Fuel Company confirmed this information to TASS.

According to WNN, TVEL and the US-based Global Nuclear Fuel Americas will jointly deal with licensing and fabrication of nuclear fuel assemblies of this type that will be used at NPPs operating pressurized water reactors (PWRs).

Subsequent nuclear fuel assemblies are planned to be produced at the facility in Wilmington, North Carolina.

Russia currently holds 17% of the world’s NPP fuel market, fully covering the requirements of 76 nuclear reactors in Russia and 14 other countries, including Finland, Bulgaria, Hungary, Slovakia, the Czech Republic, Ukraine, Armenia and China.

TVEL’s exports exceed $1 billion annually.

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