OREANDA-NEWS. On October 31, 2007 the directors summed up the results of the plant’s work in Jan-Sept 2007. The sales grew by 2% to 5,722bln RUR, with 80.1 copecks spent per one ruble earned from sold production against planned 86,7 copecks. The net profit made up 430mln RUR, reported the press-centre of TVEL.

The Board approved the plant’s development program for 2007-2020. The chairman of the Board, the first vice president of TVEL Vladimir Rozhdestvensky is sure that the program will be successfully implemented. “We have all necessary conditions for that,” he said.

“This is just the beginning of our new history. Our initial task is to separate basic fuel productions and to reorganize auxiliary productions into subsidiaries. Our new image has been coordinated with the mayor of Elektrostal Andrey Sukhanov, the trade union of the plant and the management of TVEL.”

The directors also considered ways to reduce the on-site accident rate at the plant. In Jan-Sept 2007 it made up just 0,7 - which is just 1/4 of the average index recorded in Russia in 2006.