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Finland to continue relying on Russia for nuclear fuel

Fortum set to rely on Russian nuclear fuel until 2030, Reuters, 09 NOVEMBER 2022,

THE USE of Russian nuclear fuel is set to continue for at least a few more years at the Loviisa Nuclear Power Plant operated by Fortum, report STT and YLE.

The Finnish majority state-owned energy company has for the past roughly 15 year fuelled the nuclear power plant with uranium acquired from TVEL, a subsidiary of Russian state-owned nuclear energy company Rosatom.

Matti Kattainen, the director of nuclear power at Fortum, stated to STT that the company is operating in line with its supplier contract, declining to speculate on whether and when it could stop the use of Russian fuel. The company has previously stated that it will invite bids from supplier candidates once its operating licences, as well as the current supplier contract, come up for renewal in 2027 and 2030……………

Fortum in March submitted an application for a licence to continue operating the plant until 2050.

Juhani Hyvärinen, a professor of nuclear technology at LUT University, viewed that Fortum is in a difficult position due to the relatively low number of potential suppliers. He added on a general level that the company would likely require a year or two after signing a supplier contract to take the first delivery.

Russian nuclear fuel has accounted for roughly 20–30 per cent of the global market, he estimated in an interview with YLE. The European Commission has reported that Soviet or Russian-made reactors that are fully reliant on Russian fuel remain in use in five countries across the EU: Bulgaria, Czechia, Finland, Hungary and Slovakia.

Hyvärinen stated to both news outlets that there are no insurmountable technical obstacles to replacing the fuel. The Loviisa Nuclear Power Plant, for example, previously ran on fuel from British Nuclear Fuels Limited (BNFL)……

Nuclear fuel is presently not on the sanctions list of the European Union. The possibility of bringing it within the scope of sanctions has reportedly been discussed, but the likelihood of doing so in the midst of the energy crisis appears low. The Ministry for Foreign Affairs told YLE that adding nuclear fuel to the list would require a unanimous decision by the 27-country bloc but declined to comment on the discussions.

Also Hyvärinen refrained from commenting on what he said is a political decision……….

Use of Russia nuclear fuel became a topic of discussion in Finland on Saturday, following the emergence of news reports about police officers overseeing the loading of what turned out to be Russian nuclear fuel onto an aircraft bound for Bratislava, Slovakia, at Lappeenranta Airport………. https://www.reuters.com/business/cop/cop27-nuclear-power-industry-vies-role-decarbonizing-planet-2022-11-09/

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November 9, 2022 - Posted by | Finland, Uranium

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