Centrus Extends Orano (Formerly Areva NC) Supply Contract

Maryland-based Centrus Energy Corp. said this week that it is expanding its supply arrangements with French-based Orano Cycle (formerly Areva NC), a global nuclear fuel cycle company.

OranoThe contract diversifies and expands Centrus’ enrichment supply base, giving the company greater flexibility in supporting its customers, the company said.

The agreement was signed on April 27, 2018. It calls for Orano to provide Centrus with a substantial long-term supply of separative work units (SWU) beginning after 2020. The supply from Orano provides Centrus with access to over 6 million SWU through 2030, a quantity that is equivalent to more than 50 reactor-years of nuclear fuel.

The long-term agreement provides for deliveries from 2023 through 2028, with options for 2029 and 2030. Centrus has significant flexibility to adjust its purchase quantities as needed to meet its sales and delivery requirements subject to certain minimum purchase obligations.Centrus

The supply from Orano will enable Centrus to add new sales to its long-term order book, which stood at $1.3 billion as of December 31, 2017, and extends for more than a decade.

Centrus’ diverse base of supply now includes Orano and Joint Stock Company TENEX, along with its existing inventory and other sources of supply around the world.

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