Government of the Ukraine approved the project about creating of JE on nuclear fuel production jointly with Russia and Kazakhstan

/Interfax-Ukraine, August 22, 02/ - The Ministry of the Ukraine approved the project with the Government of Russia about contribution in development and activity of "Joint Ukrainian-Kazakhstan-Russian enterprise on nuclear fuel production" CJSC. This has been determined by the decree of the Government dated August 17. The Government authorized the Minister of fuel and energy Vitaliy Gayduk in signing up the document. "Joint Ukrainian-Kazakhstan-Russian enterprise on nuclear fuel production" CJSC, founders of which are Ukrainian State property fund, Russian TVEL OJSC and Kazatomprom, and who have equal shares, was registered on October 29 of 2001 with authorized capital of $450m. It is supposed that the CKSC on the first level will only coordinate the work of enterprises, which it possesses, and will become the full joint-stock company by 2005. Regarding the Ukraine, two enterprises of Dnepropetrovsk oblast will be a part of it - "Tsirkoniy" (Dneprodzerdzhinsk of Dnepropetrovsk oblast) and partially East ore mining and processing enterprise (EOMPE, Yellow waters of Dnepropetrovsk oblast). Russia will take part in technological cycle making uranium cleaning and making fuel rod array in Novosibirsk (RF) or Electrostal (Moscow oblast). Production of uranium pellets will be conducted by Kazakhstan Ulbinskiy metallurgical works (biggest producer of nuclear fuel for APP in CIS, which is a part of the State enterprise "Kazatomprom"). Project of creation of Ukrainian-Kazakhstan-Russian JE on nuclear fuel production has been approved in 1996 after the victory of Russian TVEL JSC in corresponding competition in the Ukraine. [2002-08-22]