The power plants are Balakova, Kalinin, Kola, Kursk, Leningrad, Novovoronezhskiy, Rostov and Smolensk. Russia aims to use the investment component of each enterprise 'in order to achieve the sector's strategic tasks'. The plants would be located at DOE's existing enrichment sites at Paducah and Portsmouth. Proposals are due by 1 February 2001 and a contract is expected to be awarded in summer 2001. The company is waiting for permits from German authorities to begin the shipments.
German utilities face reactor shutdowns, as their spent fuel pools are at or near capacity.
France decided in October not to accept any more German spent fuel until Germany commits to take back already-processed waste currently stored at Cogema's La Hague site. So far, BNFL has reprocessed insufficient German spent fuel to warrant the return of any waste. The deal is expected to contain 'predominantly' the terms agreed to by USEC and Tenex in May. Timbers also confirmed that USEC is 'engaged in' the bidding for the German and Dutch shares in Urenco. USEC is seeking to gain access to Urenco's centrifuge technology either by acquiring shares in the company or through a technology transfer agreement.