Tvel of Russia stays on as the sole supplier of nuclear fuel for Slovenské elektrárne
Tvel of Russia will stay on as the sole supplier of nuclear fuel for Slovenské elektrárne’s nuclear power plants in Mochovce and Jaslovské Bohunice. The companies signed a $630m contract for 2022-26, with an option to extend it until 2030. All relevant nuclear fuel suppliers took part in a tender called in mid-2018 under the auspices of Euratom. Tvel also supplies nuclear fuel to Czechia, Hungary, Finland, and Ukraine. US firm Westinghouse lobbied hard to get the contract, but its bid was €150m higher.
Nuclear power plants account for 55% of Slovak power production and the share will rise once the new Mochovce nuclear power plant blocs connect to the grid.