In 1991, the Soviet Ministry of Atomic Energy and Industry established TVEL as part of TVEL Corporation. [1] AtomRedMetZoloto acquired TVEL's uranium exploration and mining ventures in 2007. As of 2011, all four of Russia's uranium enrichment facilities operate under TVEL, and it is responsible for Russia's uranium conversion, enrichment, and nuclear fuel fabrication. [2]

The company operates its main uranium conversion facility in Angarsk as part of the Angarsk Electrolysis & Chemical Combine (AECC). This complex provides a foundation for the development of the International Uranium Enrichment Center (IUEC). [3]

TVEL manufactures 17% of the world's consumed nuclear fuel, and produces Western PWR fuel for the global market. The two TVEL fuel fabrication plants, TVEL-MSZ and TVEL-NCCP, located in Elektrostal and Novosibirsk respectively, provide fuel for 74 Russian and international nuclear power plants, in addition to numerous research reactors. [4] In 2010, TVEL won a contract to build a fuel fabrication plant in Ukraine, which is expected to come online in 2013. [5]

Sources:
[1] "История" [History], TVEL website, undated, www.tvel.ru (accessed 11 December 2012).
[2] "Russia's Nuclear Fuel Cycle", World Nuclear Association Website, Updated November 2012, www.world-nuclear.org (accessed 11 December 2012)
[3] "Uranium Conversion and Enrichment", JSC Atomenergoprom Website, undated, www.atomenergoprom.ru (accessed 11 December 2012)
[4] "Russia's Nuclear Fuel Cycle", World Nuclear Association Website, Updated November 2012, www.world-nuclear.org (accessed 11 December 2012)
[5] "Nuclear Power in Ukraine", World Nuclear Association Website, Updated October 2012, www.world-nuclear.org (accessed 11 December 2012)