KIEV, Nov. 1 – Russia's TVEL has paid $10 million to buy a new share issue in the Russian-Ukrainian joint venture that will produce nuclear fuel in Ukraine, the company reported Thursday.

A similar payment by the Ukrainian state-owned shareholder to buy share in the joint venture known as Nuclear Fuel, for the share issue to be declared valid.

The money will be used to design blueprints, assess Russian technologies, buy equipment for the first phase of the plant and carry out work as a part of the creation of infrastructure for the project.

Overall, the shareholders are supposed to invest around $120 million in equal parts, including $20 million in 2012.