The investment finances additional production facilities, fuel engineering work, as well as the procurement of additional process and assembly equipment to manufacture the fuel.
Westinghouse will deliver five fuel reloads to the South Ukraine and Zaporizhia nuclear power plants this year. VVER-1000 nuclear reactors power 56 percent of Ukraine electricity production. In December 2014, Westinghouse and Ukrainian nuclear operator EnergoAtom completed a fuel supply contract extension for its VVER-1000 nuclear reactors.
Over 60 percent of the 131 nuclear plants in the European Union are based on Westinghouse technology. Five countries – Bulgaria, Czech Republic, Finland, Hungary and Slovakia – operate four VVER-1000 reactors and 14 VVER-440 reactors and are currently 100 percent dependent on fuel supply from a single provider.
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