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Global Nuclear Fuel’s GENUSA Awarded Long-Term Fuel Supply Contract by TVO - Global Nuclear Fuel (GNF) and Teollisuuden Voima Oyj (TVO) announced that GNF ENUSA Nuclear Fuel S.A. (GENUSA) has been selected to provide fuel reloads for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland - TVO.fi / GENUSA.es
Global Nuclear Fuel’s GENUSA Awarded Long-Term Fuel Supply Contract by TVO

 

NewswireToday - /newswire/ - Wilmington, NC, United States, 2018/11/12 - Global Nuclear Fuel (GNF) and Teollisuuden Voima Oyj (TVO) announced that GNF ENUSA Nuclear Fuel S.A. (GENUSA) has been selected to provide fuel reloads for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland - TVO.fi / GENUSA.es. NYSE: GE

   
 
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Global Nuclear Fuel (GNF) and Teollisuuden Voima Oyj (TVO) today announced that GNF ENUSA Nuclear Fuel S.A. (GENUSA), a joint venture between ENUSA Industrias Avanzadas S.A. (ENUSA) and GNF, has been selected to provide fuel reloads for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland.

The new fuel supply contract awarded by TVO to GENUSA following a competitive bid, runs from 2020 through 2038 and includes reloads of GNF2, a high-performance fuel assembly designed to deliver increased energy output while decreasing overall fuel cycle costs. Over the course of the contract, TVO and GENUSA expect to evaluate the suitability of future fuel designs to meet TVO’s operational goals.

"TVO's experience using GENUSA's fuel has been excellent, so I am pleased to see that the fuel has fulfilled our strict quality requirements again and we can revitalize the cooperation," says Marjo Mustonen, Production Manager, and Senior Vice President of TVO. "Our goal is safe and undisturbed power operation of the plant, and this long-term contract helps us to achieve this important goal and also secures the fuel supply for nearly two decades."

“We fueled the Olkiluoto reactors for several years and as we continue to evolve our products to further strengthen reliability and performance, we are pleased to provide fuel to TVO for many years to come,” said Amir Vexler, CEO of GNF and president of the GENUSA Board of Directors.

"ENUSA is very proud to once again support TVO by fabricating fuel at our Juzbado Fuel Plant for Olkiluoto NPP,” said Roberto Gonzalez Villegas, ENUSA Director for Business Development and Technology, and member of the GENUSA Board of Directors. “TVO was one of our first customers abroad and we are happy to see that we have obtained their confidence for a long collaboration.”

Fuel for Olkiluoto, utilizing GNF-supplied components, will be fabricated by ENUSA in Spain at its Juzbado Nuclear Fuel Manufacturing Plant. Since its incorporation in 1996, ENUSA has manufactured fuel sold by GENUSA to operators of boiling water reactors across Europe. TVO was the first customer of GENUSA after its inception.

The initial assemblies, whose components are designed by GNF, will include the enhanced GNF2 spacer as well as the Defender™ PLUS debris filter that is designed to improve the chance of stopping debris before it reaches the fuel assembly.

About TVO
TVO (tvo.fi) produces at the Olkiluoto nuclear power plant about one sixth of all electricity consumed in Finland. The production of nuclear electricity is environmentally friendly it does not generate emissions that promote climate change, and thus TVO is a significant contributor to the common fight for the climate.

About GNF
Global Nuclear Fuel (GNF) is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

About GENUSA
GNF ENUSA Nuclear Fuel S.A. (GENUSA) (genusa.es) is a Spanish company based in Madrid, jointly owned by GNF and ENUSA to market and sell nuclear fuel and related services to the European boiling water reactor plants.

About ENUSA
ENUSA Industrias Avanzadas S.A. (enusa.es) is a Spanish company supplying its customers the latest-generation of solutions in the nuclear fuel cycle including management and supply of enriched uranium, fuel manufacturing, related engineering and fuel services and irradiated fuel management.

 
 
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Global Nuclear Fuel’s GENUSA Awarded Long-Term Fuel Supply Contract by TVO

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