Maryland-based uranium fuel supplier Centrus Energy Corporation, said it had reached an agreement with its Russian counterpart Techsnabexport (Tenex) to extend a 2011 agreement through 2026 under modified terms that “reflects the changing fuel market.”
Centrus President and Chief Executive Officer Daniel Poneman said the contract modification and extension was “a central priority,” from the day he took over the company. The new deal “further strengthens the partnership between our two companies,” which he called “indispensable” to U.S.-Russian nuclear cooperation.
“The amendment … reaffirms the original commitment to purchase 17 million SWU [seperative work units] from 2016 to 2022, [with] the revised agreement permitting [ed.] some quantities to be deferred for delivery until 2023 to 2026, along with additional quantities to be purchased in those years,” Centrus said in a statement.