An insight into the diversification policy of the utilities

This paper focuses on that part of the utilities' procurement strategy dealing with geographical diversification of supplies of uranium and fuel cycle services. The prospects for the future development of nuclear power have moderated in recent years while uranium resources have remained plentiful. Consequently, it is appropriate to look again at the reasons for supply diversification. The principal issue is no longer that of ten or twenty services - conversion, enrichment and fuel fabrication. Reasons for diversification today are related to the economic and political feasibility of production and shipment at the right time, in the right quantities and at the right prices. (author)