Toshiba and TENEX, the the export arm of Atomenergoprom, are involved in continuing discussions on possible cooperation in the nuclear fuel business under a May 2009 memorandum of understanding.
The companies agreed to start discussions for the JV to contribute to a stable and secure supply of enriched uranium to the expanding nuclear power market.
Toshiba and Atomenergoprom signed a preliminary agreement in May 2009 to consider cooperation in the areas of nuclear fuel, atomic plant construction and equipment manufacturing.
Toshiba and AEP continue to discuss possible collaboration.
TENEX supervises Russia’s civilian nuclear power generation businesses and is a part of State Corporation Rosatom.
