Global Nuclear Fuel (GNF), a GE-led joint venture with Hitachi, and Spanish ENUSA Industries Avanzadas signed a deal for the extension of the GNF ENUSA Nuclear Fuel (GENUSA) joint venture for six years, GE announced on Tuesday.
In accordance with the extended agreement, Madrid-based GENUSA will continue to market and sell nuclear fuel and related services to boiling water reactor (BWR) operators across Europe, according to the statement.
"GNF is committed to the BWR market worldwide and we are pleased to continue to provide customers in Europe with state-of-the-art fuel technology and services by extending the GENUSA joint venture," said Amir Vexler, CEO of GNF and president of the GENUSA board of directors.
Roberto Gonzalez, business development and technology director at ENUSA and member of the GENUSA board of directors also praised the extension of the joint venture and said it provides stability to the relationship at a time when GENUSA has the majority share of the European BWR fuel market.
By Firdevs Yuksel