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Russia to raise nuclear fuel prices for Ukraine in 2007

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Russia plans to increase the price for enriched uranium it supplies for Ukraine's nuclear power plants in 2007, the Federal Nuclear Power Agency (Rosatom) said Tuesday.
MOSCOW, November 7 (RIA Novosti) - Russia plans to increase the price for enriched uranium it supplies for Ukraine's nuclear power plants in 2007, the Federal Nuclear Power Agency (Rosatom) said Tuesday.

"We have agreed [with Ukraine] to revise prices annually," a spokesman said. "Since spot prices on uranium have increased several times, the price for uranium fuel for Ukrainian NPPs will be revised correspondingly."

Russia is supplying uranium fuel for 15 nuclear power generating units of Ukraine's NPPs in 2006 under a contract signed in January by Russia's TVEL, one of the world's largest nuclear fuel producers and suppliers, and Ukraine's national nuclear energy generating company Energoatom.

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