Russia shoots for slightly less ambitious claim on world nuke fuel market

Publish date: October 20, 2009

Russian state-controlled nuclear fuel supplier TVEL plans to control 25 percent of the world's nuclear fuel market by 2030, the company's vice president, Pyotr Lavrenyuk, said on Tuesday, according to RIA Novosti Russian news agency.

The forecast released Tuesday is something of a climb-down from earlier, more optimistic projections.

The company, which currently controls 17 percent of the world’s market of fuel for nuclear power plants, previously said it intended to gain a 30 percent share, said the agency.

Lavrenyuk said the adjustment was due to "a change in global nuclear power plant construction dynamics."

In 2008, there were 436 reactors in the world, with a total installed capacity of 370 GW. By 2030, their number is expected to increase to 660, RIA Novosti said.

TVEL supplies fuel to 76 power generating reactors and 30 research reactors worldwide, the agency said.