Search EN menu en EIB GROUP CLIENT PORTAL
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

Signature(s)

Amount
€ 400,000,000
Countries
Sector(s)
France : € 400,000,000
Energy : € 400,000,000
Signature date(s)
8/12/2008 : € 200,000,000
21/01/2009 : € 200,000,000
Link to source

Summary sheet

Release date
15 May 2008
Status
Reference
Signed | 08/12/2008
20070414
Project name
Promoter - financial intermediary
AREVA Uranium Enrichment Facility
Société d’Enrichissement du Tricastin (S.E.T)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 400 million
EUR 1227.5 million
Location
Sector(s)
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 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”.

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.

Environmental aspects
Procurement

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.

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.

Link to source

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
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.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications