Annual Report 2018
New Businesses and Products
TVEL Fuel Company of Rosatom
Annual Report 2018
Message from
the Chairman of Board of Directors of TVEL JSC

Tvel fuel company plays an important role in promotion of Russian nuclear technologies abroad, working in the global market both within Rosatom integrated offer, or directly with operators of NPPs of Russian and foreign design


Nuclear Fuel Division of Rosatom State Corporation, managed by TVEL JSC, has key importance for consolidated financial indicators of the Russian nuclear industry, achievement of the strategic goals set by Rosatom both for Russian and the global markets, and accomplishment of the largest projects for nuclear power of the 21st century.

In 2018, the company showed consistently high production and financial performance, and also reached new heights in all key areas. A number of major contracts with foreign customers have been signed, new designs and modifications of nuclear fuel are being actively developed and implemented. The Company obtained certain results in creation of fundamentally new fuel products for Rosatom, in particular, the first test samples of Russian accident-tolerant fuel for light water reactors, as well as the world’s first batch of MOX fuel for fast neutron reactors.

Relating to the development of non-nuclear businesses, TVEL Fuel Company was the first in the nuclear industry to introduce integrator companies in such new areas as additive manufacturing and power storage. It is significant that Rosatom may become both a major customer of such products and a leading player in the emerging Russian market.

Rosatom State Corporation is committed to the UN Sustainable Development Goals in all its operations, and the Fuel Division contributes to the achievement of several at once, such as Affordable and Clean Energy, Responsible Consumption and Production, Sustainable Cities and Towns, Decent Employment and Economic Growth, etc. Thus, the effective implementation of numerous projects by TVEL Fuel Company helps not only to solve the strategic tasks of the Russian nuclear industry, but also to confront global challenges.

Yuri Olenin,
Chairman of the Board of Directors of TVEL JSC