Release date: 15 May 2008
Promoter – Financial Intermediary
Société d’Enrichissement du Tricastin (S.E.T)Location
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 forms part of the Promoter’s investment program, Georges Besse-II (GB II), to replace existing enrichment capacity in Tricastin, using more energy-efficient centrifuge technology. The Project concerns the first phase of the GB II building 64 centrifuge cascades in 8 new centrifuge halls of the “Unité Sud”.
Objectives
The project will contribute to meet EU’s objective to have sufficient enrichment capacity for security of supply through developing enrichment facilities using modern and energy efficient centrifuge technology, particularly from the energy consumption point of view.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 400 million
Total cost (Approximate amount)
EUR 1227.5 million
Environmental aspects
The Project falls under Annex I of Directive 97/11/EC, and thus requires a formal Environmental Impact Assessment (EIA). The EIA for the new centrifuge plants has been accomplished. The EIA processes including public consultations, the scope of the EIA studies, and the requirements of permits and suggested mitigating methods will be assessed during the appraisal. The Project is expected to comply with Community policy and legislation in the field of the environment, to be confirmed during the appraisal.
Procurement
The nuclear fuel cycle from raw uranium to the nuclear power plant fuel is strictly controlled and formalized through the provisions of Euratom and IAEA rules. These rules cover both the nuclear material and the enrichment technology. The Promoter is purchasing their uranium enrichment technology from a joint-venture-company (formed together with another European enrichment company) that is providing the equipment to this Project. The key components of the Project, the centrifuge cascades, can only be provided by this single manufacturer. The procurement processes will be assessed during appraisal.
Status
Signed - 8/12/2008
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).