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Energoatom and TVEL eyeing joint uranium mining

      RBC, 21.11.2006, Moscow 15:41:30.Ukrainian nuclear energy generating company Energoatom, which combines the republic's nuclear power plants, and the Russian TVEL Corporation are eyeing the possibility of mutual uranium mining, a representative of Energoatom commented to RBC on the visit of Andrey Derkach, the company's president, to Russia on November 17.

      Energoatom's chief thinks that in the course of implementing such projects it is important to retain openness and transparency in the investment process, and to adhere to the national interests of both countries. He reminded that the change in uranium prices would result in the change of nuclear fuel prices for Ukrainian nuclear power plants.

      Energoatom and TVEL will complete talks on the fuel price for Ukrainian nuclear power plants before the end of 2007. Derkach expressed hope for a compromise settlement.

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