AREVA Team Awarded Yucca Mountain Contract

Regulatory News:

United States: AREVA Team Awarded Yucca Mountain Contract

AREVA announced today that the U.S. Department of Energy (DOE) has awarded a contract to USA Repository Services LLC, a subsidiary of URS Corp. that includes AREVA and the Shaw Group, to manage the used nuclear fuel repository project at Yucca Mountain, Nevada. The five-year contract, which includes an option for five additional years, is valued at $2.5 billion.

The USA Repository Services partnership will have several key responsibilities under this management and operation contract. It will complete the detailed design of the repository, address questions on the license application submitted to the Nuclear Regulatory Commission (NRC) earlier this year, operate the existing Yucca Mountain facilities before construction authorization, and support management of construction and operation activities at the repository.

The principal AREVA contribution to the project will be in the surface facility design and to lend its expertise in support of the NRC review of the license application.

"AREVA is extremely pleased that our team has been selected by DOE for this critical project,” said Jacques Besnainou, President of AREVA Inc. "AREVA brings proven, relevant expertise to move our nation’s repository to completion and operation. We look forward to working with our team and DOE to assure the disposition of used fuel and radioactive waste is accomplished in a safe and secure manner.”

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With manufacturing facilities in 43 countries and a sales network in more than 100 countries, AREVA offers customers reliable technological solutions for CO₂-free power generation and electricity transmission and distribution. We are the world leader in nuclear power and the only company to cover all industrial activities in this field. Our 71.000 employees are committed to continuous improvement on a daily basis, making sustainable development the focal point of the group’s industrial strategy. AREVA’s businesses help meet the 21st century’s greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations. www.areva.com