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    Reference: 20080695
    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    The Netherlands United Kingdom Energy