Joint stock company “Techsnabexport” (TENEX) and Exelon Generation Company LLC signed a long-term contract for supply of Enriched Uranium Product (EUP). The contract allows Exelon - the largest US utility to have direct supplies for the period of 2014-2020 from one of today’s most reliable sources of enrichment services i.e. TENEX. Enriched uranium product deliveries will be provided from any of the four Russian enrichment plants equipped with leading edge centrifuges and are supported by the strong engineering and technological potential of the Russian enrichment industry.

This signing follows suit first uranium deals signed last week in Moscow between Tenex and Fuelco group and after the conclusion of the Amendment to the Russian Suspension Agreement in 2008 allowing Russian front-end nuclear fuel cycle products and services free and legitimate entrance into the US market.

About Exelon

Exelon, through its subsidiary Exelon Generation, owns and controls one of the largest generation portfolios in the country—around 33 gigawatts (GW) (nuclear - 17 GW) of low-cost owned and contracted generation. It is composed of a diverse mix of fossil, hydro, nuclear and renewable generation facilities.

Exelon Nuclear operates the largest fleet of nuclear generating stations in the nation, and third largest fleet in the world. Exelon Nuclear’s 10 stations, with 17 reactors, represent approximately 20 percent of the U.S. nuclear industry’s power capacity, and about three percent of all U.S. power generation.

https://www.exeloncorp.com

TENEX

Joint stock company “Techsnabexport” (TENEX), a 100% owned subsidiary of JSC "Atomenergoprom", is one of the leading world suppliers of the goods and services of the front- end nuclear fuel cycle. TENEX has a 45-year experience in foreign trade faultless activities. It supplies uranium production for export to 40 countries in the world, providing services for the enrichment of uranium for more than 40% of the world market. The company exports uranium enrichment services and services of conversion of U3O8 into UF6 as well as enriched uranium product, isotopes, rare-earth metals and other products of the Russian nuclear industry and imports the up-to-date processing facilities, scientific and medical equipment.

https://www.tenex.ru