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Global Nuclear Fuel Extends Joint Venture Agreement with ENUSA - Global Nuclear Fuel (GNF) announced the signing of an agreement with ENUSA Industrias Avanzadas S.A. S.M.E (ENUSA) to extend the GNF ENUSA Nuclear Fuel S.A. (GENUSA) joint venture - ENUSA.es / GEPower.com
Global Nuclear Fuel Extends Joint Venture Agreement with ENUSA

 

NewswireToday - /newswire/ - Wilmington, NC, United States, 2019/02/05 - Global Nuclear Fuel (GNF) announced the signing of an agreement with ENUSA Industrias Avanzadas S.A. S.M.E (ENUSA) to extend the GNF ENUSA Nuclear Fuel S.A. (GENUSA) joint venture - ENUSA.es / GEPower.com. NYSE: GE

   
 
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Incorporated in 1996, GENUSA markets and sells nuclear fuel to boiling water reactor (BWR) operators across Europe. The agreement will extend the operation of GENUSA for an additional six years.

“GNF is committed to the BWR market worldwide and we are pleased to continue to provide customers in Europe with state-of-the-art fuel technology and services by extending the GENUSA joint venture,” said Amir Vexler, CEO of GNF and president of the GENUSA Board of Directors.

"Extending the GENUSA joint venture with GNF is very important for ENUSA because it provides stability to our relationship at a time when GENUSA has the majority share of the European BWR fuel market," said Roberto González, Business Development & Technology Director at ENUSA and member of the GENUSA Board of Directors.

In 2018, GENUSA was awarded contracts to manufacture fuel for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland and for two of the three units at the Forsmark Nuclear Power Plant near Forsmark, Sweden. Fuel for these plants is being manufactured by ENUSA in Spain at its Juzbado nuclear fuel fabrication facility. ENUSA has manufactured and delivered nearly 11,000 fuel bundles for customers in Europe since the Juzbado facility began operating in 1985.

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 ENUSA

ENUSA Industrias Avanzadas S.A. S.M.E. (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.

About GENUSA

GNF ENUSA Nuclear Fuel S.A. (GENUSA) 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.

 
 
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Global Nuclear Fuel Extends Joint Venture Agreement with ENUSA

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