Vattenfall signs nuclear fuel deals

Swedish energy company Vattenfall has secured long-term nuclear fuel deals worth $128m with three different suppliers.

The contracts with Areva of France, Russia’s TVEL and US firm Westinghouse are for the period from 2018 to 2025.

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

The fuel involved in the deals will power Vattenfall’s pressurized light water reactors at nuclear plants Ringhals 3 and Ringhals 4.

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