Uranium & Fuel

Russia / Nuclear Fuel Manufacturer Tvel Reports 18% Increase In Net Profits

By Kamen Kraev
8 April 2024

Reactor customers in Europe taking steps to replace Moscow as supplier

Nuclear Fuel Manufacturer Tvel Reports 18% Increase In Net Profits
Bulgaria’s Kozloduy-5 nuclear power plant is moving to fuel produced by Westinghouse Electric in Sweden.
Russian nuclear fuel manufacturer Tvel has reported net profits of $722.3m (€669m) for 2023, an increase of about 18% from the $610m reported in 2022, the Interfax news agency said.

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