KRASNOYARSK, May 13 (RIA Novosti) - TVEL, a leading producer and supplier of nuclear fuel for power plants, is going to apply for funding from the Investment Fund on two projects worth over $400 million, the corporation's vice president said Saturday.

"We intend, before the end of the year, to submit an application to the Economic Development and Trade Ministry for financial resources from the Investment Fund on two of our projects, worth about $400 million," Stanislav Golovinsky said.

The Investment Fund was set up in 2005 to develop major nationwide investment projects with joint public-private financing.