Westinghouse’s gain of the Ukrainian market may be seemed as another victory of the US company in its bid to conquer the European market of nuclear fuel consumption, which heavily rely on Russian supplies.
Last month The Financial Times daily reported that Westinghouse was pressing the European Union to introduce competition rules on the nuclear fuel market with the aim of reducing Europe’s dependency on the Russian fuel supplies.
The world’s biggest supplier of nuclear fuel argued that with Europe’s vulnerability to Russian natural gas supplies in view of the ongoing crisis in Ukraine Brussels needed to assess risks concerning the Russian nuclear fuel supplies to Eastern Europe.
According to Westinghouse, Russia makes up for 36% of the entire EU’s uranium enrichment needs and many reactors in Eastern Europe depend entirely on sets of fuel rods from Russia.
Finland is one of the European states depending heavily on supplies of Russian nuclear fuel, while Hungary, Slovakia, Bulgaria and the Czech Republic are entirely dependent on the Russian deliveries.
The daily reported that, according to Westinghouse “the EU’s weak spot lies in Russian VVER reactors across the former communist bloc and Finland, for which the Russian company TVEL is the only supplier.”
Westinghouse presses the EU for diversification in the Eastern Europe, since the US-based company is the only alternative for supplies of nuclear fuel for VVER-440 reactors.
The company said it needed an investment of $20 million to reprise the nuclear fuel production for the VVER-440 reactors, however, the work would take up to two years.
http://itar-tass.com/en/world/751014