Enrichment: AREVA Signs Long-Term Contract with CEZ

Regulatory News:

Czech power utility (CEZ) and AREVA (Paris:CEI) signed a major 15-year uranium enrichment services contract for the Temelin nuclear power plant (units 1 and 2).

This agreement will contribute to securing CEZ’s long-term nuclear fuel supply and will also reinforce AREVA’s position on the European enrichment services market.

Furthermore, this recent contract further increases the substantial order book for AREVA’s future Georges Besse II enrichment plant, located on the Tricastin site (France).

CEZ stands among the major European energy producers, operating a fleet of six nuclear reactors (on the sites of Dukovany and Temelin) which provide 31 percent of the Czech Republic’s electricity generation.

The Czech utility has recently mentioned its intent to increase its fleet of nuclear reactors, with the construction of two new units during the next decade.

CEZ declared: "We consider the execution of the future EUP deliveries (Enriched Uranium Product) as a new challenge which will require a very close co-operation with AREVA. This contract is a very important part of our long-term diversification of supply strategy."

"We are very pleased to renew our collaboration with a Central European Utility. This success is a sign of the confidence placed by our Czech customer in AREVA’s know-how and reliability", said François-Xavier Rouxel, Executive President of AREVA’s Enrichment business unit.

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All over the world, AREVA provides its customers with solutions for carbon-free power generation and electricity transmission. With its knowledge and expertise in these fields, the group has a leading role to play in meeting the world’s energy needs.

Ranked first in the global nuclear power industry, AREVA's unique integrated offering covers every stage of the fuel cycle, reactor design and construction, and related services.

In addition, the group is developing a portfolio of operations in renewable energies. AREVA is also a world leader in electricity transmission and distribution and offers its customers a complete range of solutions for greater grid stability and energy efficiency.

Sustainable development is a core component of the group’s industrial strategy. Its 75,000 employees work every day to make AREVA a responsible industrial player that is helping to supply ever cleaner, safer and more economical energy to the greatest number of people.