Finland’s Fortum turns to U.S. in bid to replace Russian nuclear fuel & More Trending News

 

HELSINKI, Nov 22 (Reuters) – Finnish energy firm Fortum (FORTUM.HE) on Tuesday mentioned it was planning to start shopping for nuclear fuel from U.S.-based Westinghouse Electric.

Fortum started trying to replace Russian fuel, which it has been utilizing solely since 2008, final March as a response to Moscow’s conflict in Ukraine.

“The new and parallel fuel supplier will diversify our fuel strategy, improve security of supply and ensure reliable electricity production,” head of Loviisa energy plant Sasu Valkamo mentioned.

Fortum has utilized for a licence to run its two crops in Finland till 2050, whereas the present fuel-supply agreements with TVEL, a subsidiary of Russian state-owned energy firm Rosatom, will run till 2027 and 2030, it mentioned.

“A tendering process will be arranged for fuel supply for the new operating licence period,” the corporate mentioned.

Fortum has additionally put its Russian property up on the market.

Reporting by Essi Lehto; Editing by Kirsten Donovan

Our Standards: The Thomson Reuters Trust Principles.

Finland’s Fortum turns to U.S. in bid to replace Russian nuclear fuel

I’ve made it my mission to preserve you up-to-date on all the most recent happenings in the world as of proper now, in the 12 months 2022, by the use of this web site, and I’m sure that you’re going to discover this to be an satisfying expertise. Regardless of what the newest information might have to say, it stays a subject of intense curiosity.

It has all the time been our aim to talk with you and give you up-to-date information and details about the information free of charge. information about electrical energy, levels, donations, Bitcoin buying and selling, actual property, video video games, client traits, digital advertising, telecommunications, banking, journey, well being, cryptocurrency, and claims are all included right here. You preserve seeing our messages as a result of we labored exhausting to accomplish that. Due to the big variety of content material sorts, please don’t hesitate to

Finland’s Fortum turns to U.S. in bid to replace Russian nuclear fuel

I’m sure you may discover the information I’ve ready and despatched out to be attention-grabbing and helpful; going ahead, we wish to embody recent options tailor-made to your pursuits each week.

data with out going via us first, so we will present you the most recent and biggest information with out costing you a dime. The two of chances are you’ll study the specifics of the information collectively, providing you with a leg up. We’ll get to the following step when somewhat time has gone.

Our aim is to preserve you up-to-date on all the most recent information from across the globe by posting related articles on our web site, so that you could be all the time be one step forward. In this way, you may by no means fall behind the most recent developments in that information.

Finland’s Fortum turns to U.S. in bid to replace Russian nuclear fuel

The information tales I’ve shared with you’re both fully unique or will likely be fully unique to you and your viewers. Moreover, I’ve made all of this information accessible to each one in every of you, together with Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, and World News, so that you could be all the time be in the know, all the time be one step forward of the state of affairs, and all the time get right now’s information. The path that’s two steps forward of the present one ought to all the time be taken.

Read Entire Article?

Scroll to Top