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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    The Netherlands : € 60,000,000
    United Kingdom : € 140,000,000
    Energy : € 200,000,000
    Signature date(s)
    24/09/2007 : € 60,000,000
    24/09/2007 : € 140,000,000

    Summary sheet

    Release date
    22 May 2007
    Status
    Reference
    Signed | 24/09/2007
    20070172
    Project name
    Promoter - financial intermediary
    Urenco Uranium Enrichment Facility
    Urenco Limited
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 200 million.
    EUR 430 million.
    Description
    Objectives

    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.

    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.

    Environmental aspects
    Procurement

    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.

    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.

    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).

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
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