|
27 December 2006 -- Starting in the beginning of 2008, Fortum will buy all the nuclear fuel used in the Loviisa nuclear power plant in Finland from Russian TVEL Corp. The contract will cover the nuclear fuel deliveries to the Loviisa power plant until the end of the lifetime of both units. The contract was preceded by an international bidding process organised by Fortum.
Fortum is applying to the Council of State for a license to continue operating the Loviisa nuclear power plant until the end of 2030. The plant provides approximately 10 percent of all electricity in Finland.
Russian nuclear fuel has been delivered to the Loviisa power plant during its entire 30 years of operational life. One of the suppliers has been TVEL.
"The cooperation with the Russian nuclear fuel suppliers has worked well, and we are very satisfied with the delivery contract that has now been signed. It helps us guarantee the supply of competitive fuel for the Loviisa nuclear power plant until the end of its lifetime," says Senior Vice President Tapio Kuula.
TVEL delivers fuel for 73 reactors in Russia and exports fuel to 13 countries.
The Loviisa power plant is Finland's first nuclear power plant. The power plant has two plant units, which started operation in 1977 and 1980. These units are pressurized water reactors of the VVER-440 type. The power plant's combined power output is 976 MW.
| 
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
