https://www.world-nuclear-news.org/Articles/KHNP,-Centrus-enhance-cooperation-in-fuel-supplyKHNP, Centrus enhance cooperation in fuel supply
27 February 2024
Korea Hydro & Nuclear Power (KHNP) has signed a Letter of Intent with US nuclear fuel and services company Centrus Energy to ensure a stable supply of nuclear fuel. It follows the signing of a memorandum of understanding between the two companies in April last year.
The Letter of Intent (LOI) outlines substantive business objectives to enhance uranium resource security and nuclear cooperation between KHNP and Centrus, KHNP said. Through this, KHNP aims to diversify the supply of enriched uranium used as nuclear fuel to enhance fuel supply stability. Additionally, KHNP expects to strengthen nuclear cooperation between South Korea and the USA by establishing strategic relationships with Centrus."As a result of cooperation with Centrus, KHNP has opened the possibility of securing fuel for future reactors as well as for existing commercial reactors," KHNP said."Through the signing of this LOI, both parties will engage in concrete discussions regarding stable nuclear fuel supply and plan to continue exploring business opportunities in the nuclear sector by expanding the future nuclear fuel supply chain," KHNP CEO Hwang Joo-ho said.........
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