AREVA Wins Nuclear Fuel Contracts Worth over 200 Million Euros
Posted on February 5, 2008 – 6:54 pm | by oilandgaspress.com
Regulatory News:
AREVA (Paris: CEI) has won major commercial nuclear fuel contracts with U.S. utility companies, Constellation Energy, Tennessee Valley Authority (TVA), PPL Corporation and AmerGen Energy Company. The four contracts have a combined market value of over €200 million.
Constellation Energy placed an order for 10 reload batches of fuel for units 1 and 2 of the Calvert Cliffs nuclear power plant.
AREVA will supply TVA’s Browns Ferry unit 1 with two reload batches of blended low enriched uranium (BLEU) with fuel delivery beginning in 2010 and continuing through 2012. The BLEU project is a partnership between AREVA, TVA, the U.S. Department of Energy, and Nuclear Fuel Services of Erwin, Tennessee. AREVA currently provides nuclear fuel to Browns Ferry units 2 and 3 as part of the BLEU project.
Under a contract extension, AREVA will provide six reload batches for PPL Corporation’s Susquehanna steam electric station units 1 and 2. These fuel deliveries will begin in 2011 and continue through 2016.
AmerGen Energy Company signed a contract extension for the continued supply of commercial nuclear fuel for the Three Mile Island unit 1 nuclear plant. AREVA will provide five reload batches beginning in 2009 and continuing through 2017 with options through 2021.
AREVA is a leading supplier of fuel worldwide, supplying more than 130 reactors in 15 countries. The group has commercial nuclear fuel manufacturing facilities in Lynchburg, Virginia, and Richland, Washington. The group’s high-performance fuel is designed to achieve longer cycles and higher burn-up rates in today’s more efficient nuclear power plants. Enhanced nuclear fuel utilization contributes greatly to lowering fuel costs and reducing spent fuel storage inventories.
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With manufacturing facilities in 41 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 65.000 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
Contacts
AREVA
Press Office
Fleur Floquet-Daubigeon / Julien Duperray
+33 1 34 96 12 15
F: +33 1 34 96 16 54
press@areva.com
Investors Relations
Isabelle Coupey, +33 1 34 96 14 85
isabelle.coupey@areva.com
Manuel Lachaux, +33 1 34 96 11 53
manuel.lachaux@areva.com
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