Feb 8 (Reuters) - Cameco Corp said on Wednesday
that it has agreed on the commercial terms to supply nuclear
fuel to Ukraine's state-owned nuclear energy utility Energoatom.
Under the contract, expected to be finalized in the first
quarter of 2023, Cameco would supply natural uranium
hexafluoride to the Ukrainian company between 2024 and 2035.
The deal would see Cameco supply the total fuel required
at nine nuclear reactors at Energoatom's Rivne, Khmelnytskyy and
South Ukraine nuclear power plants, the company said.
The contract will also contain an option for Cameco to
supply up to 100% of the fuel for six reactors at the
Zaporizhzhya nuclear power plant, currently under Russian
control, should it return to Energoatom.
Russian forces seized the Zaporizhzhya plant in early March
last year, soon after invading Ukraine. Russia and Ukraine had
accused each other of firing around it near the front lines,
prompting the International Atomic Energy Agency to place
experts at all of Ukraine's five nuclear stations.
(Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh
Kuber)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.