OREANDA-NEWS. July 12, 2010. TVEL OJSC and Armenian Nuclear Power Plant CJSC (Armenian NPP operator) signed contract documents governing the terms of current and future supplies of nuclear fuel up to the end of Armenian nuclear power plant lifetime.

The documents concluded stipulate market-oriented fuel price mechanism that will be in force up to decommissioning of the operating unit of this nuclear power plant.

The documents were signed by President of TVEL OJSC Yury Olenin and General Director of Armenian Nuclear Power Plant CJSC Gagik Markosyan. The parties confirmed that the agreements concluded were mutually beneficial and the achieved collaboration level contributed to cooperation extension. The Armenian operator became another partner of TVEL OJSC having fixed the basis and approaches to fuel price formation for prolonged period for maximum cushioning of risks arising from possible price fluctuation at the world market.