Axpo has signed new uranium supply contracts with Kazakhstan and Canada for its Beznau and Leibstadt nuclear power stations, moving away from Russian suppliers amid geopolitical tensions. The strategic agreement with Kazatomprom represents a first for Kazakhstan in Switzerland, with deliveries scheduled to start in 2026 as Axpo aims to diversify its supply chain.
Swiss nuclear utility Axpo has entered into new uranium supply contracts to support its Beznau and Leibstadt nuclear power stations, marking a pivot away from reliance on Russian suppliers. These contracts were initiated following the cessation of uranium supplies from Russian entities, a move prompted by geopolitical tensions stemming from Russia’s invasion of Ukraine. To bolster its supply chain, Axpo has also secured contracts with Canadian suppliers.
To enhance its nuclear fuel strategy, Axpo has undertaken a comprehensive review aimed at diversifying its supplier base with a commitment to eliminate all Russian suppliers from its operations. In a partnership with Kazakhstan, Axpo has secured a contract with Kazatomprom for the supply of natural uranium concentrates. This landmark agreement is noted as the first of its kind for Kazakhstan within Switzerland.
Bruno Zimmermann, Axpo’s head of nuclear fuel, emphasized the strategic significance of collaborating with Kazatomprom, which is recognized as the world’s largest uranium producer. He stated, “The signing of a contract with Kazatomprom, the world’s largest uranium producer, is of strategic importance for Axpo as we continue to diversify and secure our fuel supplies.”
The uranium obtained will undergo further processing into reactor fuel in several countries, including France, Germany, the Netherlands, the UK, and the US. Deliveries under these new contracts are expected to commence in 2026. Notably, nuclear power supplies to Beznau and Leibstadt have remained unaffected by Russian supplies since 2022 due to existing fuel reserve stocks.
Switzerland operates four nuclear reactors, contributing approximately 32% of its electricity generation, with Beznau housing two units and Leibstadt one. Axpo has announced a significant investment of around $400 million to extend the operational lifespan of Beznau until 2033, despite Unit 1 having commenced operations in 1969 and Unit 2 in 1972.
In response to geopolitical pressures, Axpo is strategically diversifying its uranium supply sources by establishing new contracts with Kazakhstan and Canada. This aligns with their broader initiative to phase out reliance on Russian suppliers. Notably, the collaboration with Kazatomprom marks a significant milestone for both Axpo and Kazakhstan, ensuring a secure fuel supply for Switzerland’s nuclear energy needs.
Original Source: www.nucnet.org
