Centrus Energy, KHNP enter contingent supply commitment

Centrus Energy and Korea Hydro & Nuclear Power, or KHNP, announced that they have entered into a contingent supply commitment to support construction of new uranium enrichment capacity at Centrus’ American Centrifuge Plant in Piketon, Ohio. The purchase commitment from KHNP covers a decade of deliveries of low-enriched uranium, or LEU, to help fuel Korea’s large fleet of reactors. Centrus has now secured a total of $1.8B in contingent sales commitments to date, including KHNP and, as previously disclosed, other customers, to support deployment of new capacity. These commitments, including KHNP’s, are contingent upon the parties entering into definitive agreements and also upon Centrus securing the substantial public and private investment necessary to build the new capacity.