28 Dec 2021 17:07

Tenex overseas order book reaches $22 bln in 2021

MOSCOW. Dec 28 (Interfax) - Techsnabexport or Tenex had an overseas order portfolio worth $22 billion in 2021, the Russian nuclear materials exporter said.

Revenue generated by long-established and newly launched business lines exceeded $2.6 billion.

Tenex achieved all the targets on its export-import program. Over the past year, 31 new contracts for the supply of uranium products with customers in seven countries were signed.

As part of its cooperation with Japan to assist in eliminating specific consequences of the accident at the Fukushima Daiichi Nuclear Power Plant, Tenex completed a two-year project on predicting the properties of corium - materials of the damaged reactor core - making it possible to use the obtained data in corium removal, transportation, and storage.

Tenex Group continued to implement its strategy to optimize the uranium asset portfolio aimed at improving economic efficiency. In December 2021 the deal was closed for selling all of the shares of Uranium One Investments Inc.'s subsidiary Uranium One Americas, Inc. to the U.S.-based Uranium Energy Corp.

"We have done a great job in order to make it a win-win deal. Tenex Group continues to cooperate with its U.S. partners in line with our core business - we supply uranium products in due time to meet our existing contractual obligations and take part in tender procedures with competitive offerings. In 2021, in accordance with the modalities of the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation we contracted almost all available export quotas until 2028," said Sergey Polgorodnik, general director of Tenex.

Techsnabexport, Tenex, is a wholly owned subsidiary of Atomenergoprom, which is part of the Rosatom state corporation. The company is the largest exporter of goods and services within the nuclear-fuel cycle on the international market, operating globally under the Tenex brand.