http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.92Change: 0.12
R/$ = 11.01Change: 0.03
Au 1243.25 $/ozChange: -1.49
Pt 1265.00 $/ozChange: -5.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Nov 16, 2012

International uranium enrichment facility attracts interest as it starts delivering

Back
Construction|Moscow|Africa|Design|Nuclear|Rosatom|Africa|Armenia|Bangladesh|Kazakhstan|Russia|South Africa|South Korea|Ukraine|United Arab Emirates|Vietnam|Energy|Nuclear|Nuclear Fuel Cycle Services|Peaceful Nuclear Energy|Services|Fabrication|Gleb Efremov|Infrastructure|Mohamed El Baradei|Power|Vladimir Putin
Construction||Africa|Design|Nuclear||Africa||Energy|Nuclear|Services|Fabrication|Infrastructure|Power|
construction|moscow|africa-company|design|nuclear-company|rosatom|africa|armenia|bangladesh|kazakhstan|russia|south-africa|south-korea|ukraine|united-arab-emirates|vietnam|energy|nuclear-industry-term|nuclear-fuel-cycle-services|peaceful-nuclear-energy|services|fabrication|gleb-efremov|infrastructure|mohamed-el-baradei|power|vladimir-putin
© Reuse this



The International Uranium Enrichment Centre (IUEC), the Moscow-based Russian initiative that currently has four member countries, could gain more members in the near future. “A number of countries are interested in the IUEC,” reveals IUEC commercial director Gleb Efremov. “We can name Vietnam, South Korea, Bangladesh and the United Arab Emirates.”
In the recent past, discussions have also been held with South Africa, although these are currently in abeyance, perhaps because the South African government has not yet relaunched its new nuclear power plant (NPP) construction programme. “We’ve had a couple of meetings with South African companies and they were interested in our company,” he reports. “We are open to further discussions.”
The IUEC was launched, as a concept, five years ago. It was a proposal by the then (and now, again) Russian President, Vladimir Putin. The idea was to create a global infrastructure that would allow all countries pursuing peaceful nuclear energy to have access to the nuclear fuel cycle, without risk of politically motivated disruptions.
“This has been an objective of the IAEA (International Atomic Energy Agency), but it is difficult to do,” points out Efremov. “President Putin’s idea was to create a number of nuclear fuel centres around the world, but under the control of the IAEA, to supply nuclear fuel cycle services, including enrichment, to third [party] countries on a nondiscriminatory basis.” This would mean that these countries would not need to develop their own uranium enrichment facilities, thereby reducing the risk of nuclear weapons proliferation.
This initiative was supported by Kazakhstan, and the two countries combined to create the IUEC, subsequently being joined by Armenia and Ukraine. Russia, through its State-owned nuclear company, Rosatom, holds 70% plus one share of the IUEC. However, the com- pany will sell up to 20% (minus one share) of IUEC equity to new members, which would reduce the Russian group’s long- term shareholding to 50% plus one share (but no less than this). Kazakhstan, Armenia and Ukraine each hold 10%, again through State-owned companies in the nuclear sector.
“I’m proud to say that this year we saw the first commercial supply to one of our shareholders – Ukraine,” he highlights. “This proves our company works. From a proposal to actual supply in just five years – this means we’re a success.” The natural uranium that was enriched by the IUEC was supplied by Ukraine. This low-enriched uranium was then delivered by the IUEC to a Russian fuel fabrication facility, TVEL, which then delivered the completed fuel assemblies to Ukraine.
The IUEC has developed another function as well. “In 2009, we decided to support the initiative of the then IAEA director-general, Mohamed El Baradei, to establish fuel banks all around the world to provide an emergency fuel supply for countries suffering from non-commercial disruptions in their fuel supply,” explains Efremov. This initiative, in cooperation with, and under the aegis of, the IAEA, was launched in 2010.
“We are the first company, and the only centre in the world, that operates an emergency fuel bank for the IAEA.” The fuel bank is located at a chemical plant in the Irkutsk region of Siberia and currently contains a reserve of 120 t of low-enriched uranium. This is enough to produce two full reloads for a 1 MW reactor. The enrichment level of the uranium varies from 2.8% to 4.95%, thereby making it suitable for a variety of reactor designs. This material is the property of the Russian Federation, but, in accordance with the agreement with the IAEA, must be made available, within prescribed time limits, to any country designated by the IAEA director-general (currently, Yukiya Amano). “It could be delivered to a fabrication facility for the production of fuel assemblies for any design of reactor,” points out Efremov.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed on Wednesday that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Public Enterprises Minister Lynne Brown
Public Enterprises Minister Lynne Brown has released details of the remuneration of the chairpersons and nonexecutive directors of the various State-owned company boards falling under her Ministry. The remuneration figures, which are attached, are based on figures...
Article contains comments
Article contains comments
More
 
 
Latest News
Trade union Solidarity warned on Wednesday that ongoing restructuring and retrenchments in the information and communication technology (ICT) industry continued to put employees in the sector under “immense” pressure. This as the union claimed it had received...
Directors of investment holding company Combined Motor Holdings (CMH) say they are satisfied with the results achieved in the six months ended August 31, during which time the local economic environment continued to battle impediments to growth and national dealer...
In the Medium-Term Budget Policy Statement Finance Minister Nhlanhla Nene has outlined concrete plans to consolidate South Africa’s pubic finances and restore macroeconomic balances. The proposed adjustments – lower than planned spending and increased tax revenues -...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks