Global Nuclear Fuel extends joint venture agreement with ENUSA

• 5 years ago (2019-02-07)
• David Flin

Europe 1061 Nuclear 639

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Global Nuclear Fuel (GNF) has signed an agreement with ENUSA Industrias Avanzadas to extend the GNF ENUSA Nuclear Fuel (GENUSA) joint venture. Incorporated in 1996, GENUSA markets and sells nuclear fuel for BWR operators across Europe. The agreement will extend the operation of GENUSA for an additional six years.

Amir Vexler, CEO of GNF and President of the GENUSA Board of Directors, said: “GNF is committed to the BWR market worldwide, and we are pleased to continue to provide customers in Europe with state-of-the-art fuel technology and services by extending the GENUSA joint venture.”

Roberto González, Business Development & Technology Director at ENUSA and member of the GENUSA Board of Directors, said: “Extending the GENUSA joint venture with GNF is very important for ENUSA because it provides stability to our relationship at a time when GENUSA has the majority share of the European BWR fuel market.”

In 2018, GENUSA was awarded contracts to manufacture fuel for the Olkiluoto Nuclear Power Plant in Eurajoki, Finland, and for two of the three units at the Forsmark Nuclear Power Plant near Forsmark, Sweden. Fuel for these plants is being manufactured by ENUSA in Spain at its Juzbado nuclear fuel fabrication facility.