Release date: 22 May 2007
Promoter – Financial Intermediary
Urenco LimitedLocation
Description
Enrichment is a critical part of the nuclear fuel cycle as it is necessary to produce the nuclear fuel used in power stations. The project consists of the extension of the nuclear fuel enrichment capacity in two of the Urenco's operating plants in Europe.
Objectives
The project is aimed at meeting long term demand for enriched uranium for civil nuclear power stations located primarily in Europe. It will enhance security of supply through developing enrichment facilities, which will use modern and energy efficient centrifuge technology.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
EUR 430 million.
Environmental aspects
The project requires formal Environmental Impact Assessments ("EIA"). The two EIAs have been completed and the project is expected to comply with Community policy and legislation in the field of the environment. Details will be assessed during the appraisal.
Procurement
The nuclear fuel cycle is strictly controlled and formalized through the provisions of Euratom and International Atomic Energy Agency rules. These rules cover both the nuclear material and the enrichment technology. The key components of the project, the centrifuge cascades, can only be provided by a single manufacturer, which is a subsidiary of Urenco. The procurement processes will be further assessed during the appraisal.
Status
Signed - 24/09/2007
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).