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AREVA Wins A Major Contract to Supply Enriched Uranium - On August 15, 2012, Emirates Nuclear Energy Corporation (ENEC) and AREVA signed an integrated enriched uranium supply contract, worth more than 400 million euros - AREVA.com
AREVA Wins A Major Contract to Supply Enriched Uranium

 

NewswireToday - /newswire/ - Paris, France, 2012/08/15 - On August 15, 2012, Emirates Nuclear Energy Corporation (ENEC) and AREVA signed an integrated enriched uranium supply contract, worth more than 400 million euros - AREVA.com.

   
 
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This contract stipulates that AREVA will supply the future nuclear plants at Barakah, which is under construction in the United Arab Emirates, with enriched uranium over an eight-year period. The UAE’s nuclear program plans for the commissioning of the first two of four reactors in 2017 and 2018, pending regulatory approval.

Luc Oursel declared that: “AREVA is delighted that ENEC has entrusted us with this key part of the commissioning of its first nuclear power plants. The deliveries of advanced-stage uranium will contribute to ensuring the long-term supply of fuel to the United Arab Emirates. This new success is further proof that the Group's integrated offer for the front end of the nuclear cycle is of interest to electricity generation companies.”

By 2020 with four plants online, nuclear energy should meet up to 25% of the UAE’s electricity needs, which are forecast to reach 40 GWe in 2020, compared with 15.5 GWe at present.

AREVA press office:
Patricia Marie / Pauline Briand / Maxime Michaut / Jérome Rosso

AREVA Investors Relations:
Marie de Scorbiac
T: +33 1 34 96 05 97 - E: marie.descorbiac[.]areva.com.

Philippine Du Repaire
T: +33 1 34 96 11 51 - E: philippine.durepaire[.]areva.com.

 
 
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Written by / Agency / Source: AREVA

 
 

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AREVA Wins A Major Contract to Supply Enriched Uranium

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AREVA |
Publisher Contact: Press Office - AREVA.com 
+33(0)1 34 96 12 15 press[.]areva.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AREVA securities in any jurisdiction including any other companies listed or named in this release.

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