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Rosatom State Corporation approved the decision to establish on the basis of JSC “TVEL” (a 100% subsidiary of ”Atomenergoprom”) the Fuel Company. This decision was made as the implementation of measures to restructure the Nuclear Power Industry in order to improve its efficiency.
In accordance with the decision, in the first phase, there will be implemented transfer to JSC “TVEL” shares of JSC “Combined company «separation-sublimating complex» ( «OK» RSK «, a 100%» subsidiary of JSC «Atomenergoprom”, consolidates 100% of shares of sublimatno-dividing plants – “Angarsk Electrolysis Chemical Works“,» PA «Electrochemical Plant», «Ural Electrochemical Plant» and JSC «Siberian Chemical Complex»).
In addition, to JSC “TVEL” there will be transferred 100% shares of JSC «Engineering Center“, “Russian gas centrifuges”, which integrates the enterprises of nuclear industry involved in the development and production of the major (gas centrifuges) and auxiliary equipment for the dividing enterprises — JSC» Vladimir Production association “Tochmash «, JSC» Kovrov Mechanical Plant «, JSC» Design Bureau, Nizhny Novgorod «, JSC» Centrotech SPb”, LLC «Novouralsk research and design center», LLC «Novouralsk Instrument-Making Plant», LLC «Ural Plant of gas centrifuges“ .
Mikhail Stiskin, analyst of the investment company “Troika Dialog»:
I think that the main advantage of this step is the consolidation of the entire chain of production of nuclear fuel in the hands of TVEL after uranium stage production. And, accordingly, the positioning in negotiations with international partners. Moreover, it will be now be easier for customers to work with one contractor. Than with several companies. I think that the new structure will work much more efficiently. Than the previous one.