TVEL and Necsa Sign MoU to collaborate on nuclear technology for peaceful means

01 August 2023

The South African Nuclear Energy Corporation (Necsa) entered into a Memorandum of Understanding (MOU) with TVEL Fuel Company of Rosatom on 27 July 2023 providing for cooperation in the field of nuclear fuel production and related components. Both companies aim to share existing expertise in this field and further collaborate to develop the necessary capabilities.

During the signing ceremony, Necsa GCEO, Mr Loyiso Tyabashe remarked, “The memorandum signifies the commitment of both Necsa and TVEL to strengthen bilateral cooperation in using nuclear for peaceful means. It is particularly important for South Africa as it paves the way for Necsa to re-establish its capability on nuclear fuel production and supply. I believe that this collaboration will enhance the technological capabilities of both parties and foster a long-lasting and mutually beneficial partnership in the field of nuclear technology”.

Senior Vice President of TVEL Oleg Grigoryev noted, “Necsa is one of the most experienced companies in the world nuclear industry having broad competence. We are confident that our cooperation with such respected partner would contribute significantly to increase of global nuclear generation sustainability”.

The MOU was signed in a virtual ceremony that took place on the margins of the 2nd Russia-Africa Summit in St. Petersburg. Mr Oleg Grigoryev, Senior Vice President for Commerce and International Business signed on behalf of TVEL and Mr Loyiso Tyabashe, Group CEO of Necsa signed on behalf of Necsa. The MoU is signed as South Africa prepares for the upcoming BRICS summit in August 2023 in South Africa. Signing of the Memorandum is a step to increase the sustainability of nuclear generation within the BRICS framework.

ENDS

FOR FURTHER INFORMATION CONTACT:

Dr Nikelwa Tengimfene

Senior Manager: Corporate Communication & Stakeholder Relations

South African Nuclear Energy Corporation SOC Limited (Necsa)

Dmitry Shustov Head of Press Office

TVEL,       Joint-Stock        Company (TVEL JSC)

Tel:     012 305 4454

Cell:    0662934451

E-mail: nikelwa.tengimfene@necsa.co.za

Web: www.necsa.co.za

Tel: +7 (495) 988-8282, ext. 7144

 

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