Press release from Business Wire India
Source: Business Wire
Tuesday, November 25, 2008 11:45 AM IST (06:15 AM GMT)
Editors: General: Consumer interest; Business: Business services, Energy companies; Technology
Release no: 18601
(BW)(MD-USEC)(USU)USEC Participating in USIBC Commercial Nuclear Mission to India
Bethesda, Maryland, United States, Tuesday, November 25, 2008 — (Business Wire India) —
USEC Inc. (NYSE: USU) will send a representative to India as part of a commercial nuclear mission organized by the U.S. India Business Council and the Nuclear Energy Institute, the Company announced today. The mission will be in the country from December 2-9 and is the largest ever U.S. commercial nuclear trade mission to visit India.
The United States recently enacted a nuclear agreement with India that will facilitate commercial nuclear trade between the two countries. USEC sees India’s commercial nuclear market as a promising area for potential growth, with India looking to add up to 40,000 megawatts of nuclear powered generation in the decades to come.
USEC representative Dr. Vijay Sazawal will represent the Company in the mission. Dr. Sazawal, director of government programs for USEC, has more than 30 years of experience in the commercial nuclear industry and played an advisory role in briefing various U.S. industry and government officials on policy issues related to the Indian civil nuclear program.
USEC’s new uranium enrichment technology, the American Centrifuge, will be well suited to meet increased demand from growing markets such as India. The modular architecture of the technology will allow the Company to expand capacity as demand warrants. USEC is deploying the new gas-centrifuge technology at the American Centrifuge Plant in Ohio, scheduled to be completed at the end of 2012. USEC’s AC100 centrifuge machine is designed to produce 350 separative work units per year and is expected to be the most productive enrichment technology in the world.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.
CONSUMER, BUSINESS SERVICES, ENERGY, TECHNOLOGY
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