Annual Report 2017
Efficiency improvement
and sustainable development
Annual Report 2017
Message from
the Chairman of Board of Directors of TVEL JSC

Over the course of its 20-year history TVEL JSC faultlessly delivered on all contractual commitments, which allowed the Company to acquire the global stature and sustainable goodwill of a reliable supplier of safe and effective nuclear fuel

Dear colleagues and friends,

TVEL Fuel Company is one of the basic divisions of ROSATOM which is of key importance both for the Russian nuclear industry and for the development of international business. By strengthening its technological, manufacturing and financial potential, the Company continues to create new high-quality and reliable fuel products for the world nuclear power industry while serving the interests of its customers.

The priorities set by the Nuclear Fuel Division fully comply with the strategic areas of activity in ROSATOM State Corporation. Penetrating new markets and creation of new products, innovative development, operational efficiency growth, sustainable development, increasing transparency and expanding dialogue with stakeholders - all of these efforts clearly show the development vectors of the entire nuclear industry in the near future.

TVEL Fuel Company expands the geographical reach of its export supplies. In 2017, TVEL JSC concluded several major contracts for the whole operation period of the nuclear power plants under construction in Egypt, Turkey and Belarus. Along with the development of the traditional fuel market for Russian design reactors, the Company continues to promote fuel for Western design PWR reactors.

Technological leadership of the Company regarding front end of nuclear fuel cycle is traditionally associated with the creation of new types of nuclear fuel for the power and research reactor models. At the same time, strategically important for the whole nuclear industry is the Proryv or Breakthrough project being realized at the site of Siberian Group of Chemical Enterprises in Seversk: creation of the unique platform for closed nuclear fuel cycle and minor actinides afterburn will enable the Fuel Division to move to a new technological level.

TVEL Fuel Company is traditionally committed to high environmental stadards. The Company supports national and regional environmental events on a regular and proactive basis, demonstrating high corporate responsibility regarding environmental protection and conservation of the natural wealth of the country. The Company has unique competences for decommissioning of the nuclear facilities and rehabilitating the areas up to the environmentally acceptable level in Angarsk Electrolysis Chemical Complex, Novosibirsk Chemical Concentrates Plant, and Bochvar Institute.

TVEL Fuel Company shows steady progress allowing to expect successive achievement of its strategic goals while strictly preserving safety principles and following the sustainable development priorities.

Yuri Olenin,
Chairman of the Board of Directors of TVEL JSC,
Deputy Director General – Director of the Division for Innovation Management of ROSATOM State Corporation