Russia, Ukraine to build nuclear fuel production plant

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RIA Novosti, PUBLISHED June 09, 2011

Russia and Ukraine will establish a joint venture to manufacture nuclear fuel later this year, TVEL nuclear fuel Vice President Vasily Konstantinov said on Wednesday.

"I believe a joint venture will be created later this year," he said, adding that the plant will be built in Ukraine's eastern Dnepropetrovsk region.

It will be a long-term, 60-year project, he said.

A draft agreement on the creation of a joint venture was signed by Ukraine's state-controlled concern Yadernoye Toplivo (Nuclear Fuel) and Russia's TVEL corporation in January.

Ukraine is planning to establish a full-scale nuclear fuel manufacturing cycle for its four nuclear power plants.

Topics: NFC, East Europe, Russia, Ukraine

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