Kazatomprom wins in Energoatom’s tender for supply of uranium oxide concentrate

The Kazakhstan-based Kazatomprom Nuclear Power Company won the tender held by SE “NNEGC “Energoatom” (National Nuclear Energy Generating Company of Ukraine) for procurement of uranium oxide concentrate to be over 2019. This was reported by Energoatom’s President Yuriy Nedashkovsky.

“We have the winner – this is the Kazakstan-based Kazatomprom”, informed Mr. Nedashkovsky without divulging the volumes of supplies. Further Mr. Nedashkovsky noted that the remaining needs of uranium oxide concentrate will be supplied by the Ukrainian-based Vostochny Integrated Mining and Concentrating Plant (VostGOK).

“A part of needed supplies will be bought from Kazatomprom , and complemented by supplies from VostGOK", said the Energoatom’s President .

“ They [Kazatomprom- Ed.] are ready to supply 1, 100 ton of uranium oxide concentrate, but we limit them to 970 ton”, noted Mr. Nedashkovsky, while adding that Energoatom expects revision of costs of Uranium oxide concentrate in tariffs for electricity to be set by NKREKP (National Commission for State Regulation in Energy and Utilities).

“the cost of $75 per kg of uranium oxide concentrate, as included into the tariff of electricity, is too low for VostGOK. This cost can only cover basic operation of VostGOK, and barely prevent its shutdown. We still hope for revision of NKREKP’s methodology for price setting. One should bear in mind that Ukraine’s uranium deposits are of the 3rd grade, and their cost of production is within the range of $80 to $130 per kg”, noted Mr. Nedashkovsky.

As previously reported, several months ago, Energoatom announced a tender for procurement of 1,200 ton of uranium oxide concentrate.

19:12 / 7 November 2018

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