OREANDA-NEWS. June 04, 2009. Techsnabexport OJSC (Tenex) (100% subsidiary of Atomenergoprom OJSC) and Exelon Generation LLC (the United States) have signed a long-term contract for the supply of enriched uranium. The parties have agreed that in 2014–2020 Tenex, one of the most reliable suppliers in the world, will directly supply uranium products to the biggest power company of the United States, Eleron.
 
This is one more enriched uranium supply contract signed with a US company after the adoption of an Amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation allowing direct supply of Russian uranium products and services to the United States. Last week during Atomexpo 2009 forum Tenex signed similar contracts with three Fuelco LLC companies.

Exelon Generation Company is a subsidiary of Exelon Corporation, is one of the largest electric wholesale and retail power generation companies in the US. Exelon Generation has a generation capacity of about 25,000 MW (including 17,000 MW of nuclear-generated power, through Exelon Nuclear, and 8,000 MW of fossil-fired and hydroelectric power, through Exelon Power). It also controls another 6,500 MW through long-term contracts. A third unit, Exelon Power Team, sells electricity produced at Exelon Generation’s plants through long and short term contracts.

JSC "Techsnabexport" — brand name TENEX — is Open Joint Stock Company with 100 per cent shares held by the JSC "Atomenergoprom" — integrated company in the civilian sector of Russian nuclear industry. For 45 years it has carried out faultless activities at the world market, management and highly skilled employees. Tenex is the world’s largest exporter of products and services of the Russian nuclear fuel cycle with a substantial share in the industry’s total foreign trade turnover. It delivers Russian uranium products to meet reactor requirements of NPP’s in the USA — 40 per cent, Western Europe -23 per cent, Asian and Pacific Region -16 per cent. Tenex is Executive Agent under Russian-US government-to-government Agreement on deliveries to the USA of low-enriched uranium downblended from highly enriched uranium extracted from dismantled warheads (HEU-LEU Agreement). The Company operates in the high-tech sector and making investments in core facilities in the nuclear industry and machine building manufacturing high-tech equipment and components for Russian isotope separation plants. Tenex is dynamically developing Company playing a leading role in creating a competitive environment, establishing market place mechanisms and mastering new markets.

Atomenergoprom OJSC (Atomny Energopromyshleny Kompleks) is a state holding that is supposed to comprise 89 nuclear companies and to cover the whole range of nuclear services: from uranium mining to NPP construction and electricity production. Atomenergoprom’s companies will have a total of 175,000 employees and an annual production of 200bln RUR (5.5bln EUR). Atomenergoprom is one of the biggest players on the world market: it has a 40% share in the world’s uranium enrichment services, 17% in nuclear fuel production, 8% in uranium mining, 28% in NPP construction (10 reactors). The director of Atomenergoprom is Vladimir Travin, the chairman of the board of directors – Sergey Kiriyenko.