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Joint Stock Company TVEL was founded on September 12, 1996, by the Decree of the President of the Russian Federation No. 166 «On Improving Nuclear Fuel Cycle Enterprise Management» dated on February 8, 1996, to make its authorized capital consolidated with stocks of the nuclear fuel cycle enterprises owned by the state.
The intricate economic conditions of the mid 1990’s forced to consolidate stocks of nuclear fuel cycle enterprises as one asset and by this to keep up the potential of nuclear industry ands retain traditional sales markets.
In 1996 the stocks of six enterprises merged into a single authorized capital to form JSC TVEL:
- JSC Mashinostroitelny Zavod - 49%
- JSC Chepetsky Mechanical Plant - 51%
- JSC Novosibirsk Chemical Concentrates Plant - 38%
- JSC Chemical-Metallurgical Plant - 51%
- JSC Zabaikalsky Mining and Beneficiation Company - 38%
- JSC Commercial Center – 100 - 49%
In the late 1990’s and early 2000’s JSC TVEL implemented measures to increase its share in the authorized capital of affiliated companies incorporated into the Corporation. Stocks of JSC Zabaikalsky Mining and Beneficiation Company , Priargunsky Industrial Mining and Chemical Union, JSC Malycheva Mines Management, CJSC Dalur, JSC TVEL-INVEST were purchased. JSC TVEL also increased its share in the authorized capital of those companies, which were parts of affiliated companies and subsidiaries. These measures contributed to the improvement of the Corporation management.
As of January 1, 2007 JSC TVEL owns the following stocks of affiliated companies and subsidiaries (% of authorized capital):
- JSC Mashinostroitelny Zavod – 79.12%
- JSC Chepetsky Mechanical Plant – 96.47%
- JSC Novosibirsk Chemical Concentrates Plant – 66.20%
- JSC Chemical-Metallurgical Plant - 51%
- JSC Priargunsky Industrial Mining and Chemical Union–80.30%
- JSC Malycheva Mines Management- 51%
- JSC Dalur – 97.85%
- JSC Khiagda – 99.99%
- JSC TVEL-INVEST – 21.09%
- JSC Commercial Center-100 – 28.05%
- JSC JV UKR TVS – 33.33%
- JSC Atomenergomash - 94.00%
- JSC UMC - 50.00%
All JSC TVEL stock is 100 % owned by the state.
At present, TVEL Corporation includes 14 enterprises of nuclear fuel cycle – among them are the largest uranium mining combines and nuclear fuel fabrication plants, as well as enterprises of engineering support infrastructure.  Printable version
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