“We received the final payment from the United States Enrichment Corporation in March,” the Russian state-owned uranium producer Techsnabexport announced Monday of the “Megatons to Megawatts” or “HEU-LEU” (“High Energy Uranium-Low Energy Uranium”) program, adding that Russian obligations to fulfill the contract ended in late 2013.
The last shipment of uranium, from Russian nuclear warheads converted to reactor fuel, arrived in the port of Baltimore in December.
In the past 15 years, deliveries of the material provided 7 trillion kilowatts of electrical power, or 10 percent of all U.S. electricity. The program converted 500 metric tons of highly-enriched uranium, from dismantled Russian nuclear weapons, into low-enriched uranium, which was then converted into fuel for use in U.S. nuclear power plants.
The yield was equal to about 20,000 nuclear warheads.
Russia received about $17 billion from the United States under the program.