Finnish energy company Fortum still buying Russian uranium fuel to power its nuclear reactors

9 November 2022, 12:48 PM
Fortum is not giving up uranium from Russia yet (Photo:Fortum website)

Fortum is not giving up uranium from Russia yet (Photo:Fortum website)

The Finnish state-owned energy company Fortum has not yet given up the purchase of nuclear fuel from a subsidiary of Rosatom, Finnish national boradcaster Yle reported on Nov. 7. 

According to its contracts with Rosatom, Fortum can do this until 2030.

The company itself has not yet commented on whether it intends to give up importing Russian uranium fuel and, if so, what the time frame for this might be.

According to the publication, Fortum receives fuel from TVEL, a subsidiary of the Russian state concern Rosatom.

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The fuel supply contract was concluded before the expiration of the current licenses to operate the two reactors at the Loviisa nuclear power plant. The license to operate the first reactor is valid until 2027, and the second until 2030.

According to Yle, thus the Finnish company could use Russian uranium fuel for another eight years.

In May 2022, it was reported that Fortum was leaving the Russian market and withdrawing its brand.

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