South Korean nuclear power company Korea Hydro & Nuclear Power (KHNP) and Centrus Energy Corp, a US-based nuclear fuel and services supplier, signed on 26 February a letter of intent in Washington DC to “to ensure stable nuclear fuel supply,” the two companies said in a statement.
The letter of intent, “based on the memorandum of understanding (MOU) signed last April 2023” by the two companies “outlines substantive business objectives to enhance uranium resource security and nuclear cooperation between KHNP and Centrus”,the two companies said in the statement.
Through the letter of intent, KHNP “aims to diversify the supply of enriched uranium used as nuclear fuel to enhance fuel supply stability.