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Page added on May 28, 2009

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Russia signs uranium contracts with US companies

MOSCOW

Tenex will supply fuel to the U.S. utilities from 2014 through 2020 under the contracts, which provide the option for renewal, Novikov told the AP. He said the deals will help each company supply electricity to 5 million households.

Fuel previously supplied by Russia had been extracted from old nuclear weapons and diluted for commercial use, under a deal aimed at keeping Russian nuclear materials off black markets. That agreement, known as “Megatons for Megawatts,” expires in 2013.

Russia is already the biggest single supplier of uranium fuel to U.S. nuclear plants, but it has been barred from expanding those supplies because of protectionist measures imposed by Washington after the Soviet collapse.

AP



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