OREANDA-NEWS. April 09, 2010. TVEL JSC and Slovenske elektrarne, a.s. have signed a long-term contract for the supply of Russian nuclear fuel to the power units NN 3 and 4 (NPP Mohovce), currently under construction.

The terms of the contract concluded for the period from 2012 to 2017, provide for the supply of the first two primary circuits and five recharge sets of fuel assembly for each of the power units.

Units of the Slovak NPP are to be supplied with advanced fuel with higher than average enrichment providing more benefit as a result of better burn-up fraction and more economic fuel makeup. The possibility to supply modern fuel emerged due to accumulating the investment resources from long-term fuel supply contracts.

Added to this, the Russian party offers a complete package of associated services and options within the contract, for the further transition of the power units to higher thermal power.

The decision was made by Slovenske elektrarne, a.s. after a comprehensive analysis of the Russian offer which stood out because of its remarkable flexibility and highly developed use of modern technological solutions and innovative formulations.

Signing the contract can be seen as an extension of the continuous and mutually beneficial collaboration of Russian and Slovak parties in providing the active power units with Russian fuel. The regular supply of reliable and safe fuel was the main reason in favour of extending the partnership, long based on mutual confidence.

Russia and Slovakia have huge potential and opportunities for deepening and extending the partnership, in this and new projects. Reforms which have been introduced in the Russian nuclear industry with the view to organising TVEL JSC into a fuel company, offer new advantages to foreign partners.