Release date: 7 April 2009
Promoter – Financial Intermediary
Urenco Limited. (In case of questions please contact enquiries@urenco.com)Location
Description
Expansion of the uranium enrichment capacity in Urenco's facility in Almelo, the Netherlands, to provide energy-efficient enrichment services for increasing demand. Construction of a new Tails Management Facility in Urenco's plant at Capenhurst, United Kingdom, to facilitate the long-term storage of depleted uranium ("Tails") resulting from the enrichment process. Upgrading and developing the infrastructure on both sites.
Objectives
The Project will contribute to covering world and EU demand of enrichment services. Furthermore, it is an important objective of the EU to have sufficient enrichment capacity for security of supply reasons, as reflected in the Euratom policy.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million.
Total cost (Approximate amount)
EUR 820 million.
Environmental aspects
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 centrifuge technology, required to supply the enrichment capacity expansion of the project in Almelo, will be supplied by enrichment technology company ETC (a joint venture company in which Urenco owns a 50% interest).
The other procurement processes will be assessed during appraisal.
Status
Signed - 19/11/2009
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).