AREVA wins the US Department of Energy's call for bids to reprocess its depleted military uranium stocks (USD 558 millions)
September 02, 2002
September 2, 2002
AREVA, through its subsidiary Framatome ANP, is leader of the Uranium Disposition Services (UDS) consortium with the American companies Duratek Federal Services and Burns and ROE Entreprises, and has been awarded a contract by the US Department of Energy (DOE) worth 558 million dollars to defluorinate depleted uranium so that it can stored and subsequently recycled.
The contract, effective until August 2010, covers the design, construction and operation of two uranium oxide conversion plants in Paducah (Kentucky) and Porsmouth (Ohio). The contract also covers the management of the uranium stocks at Oak Ridge (Tennesse) and its transportation to the Porsmouth (Ohio) conversion plant. According to Vincent Maurel, a member of AREVA's Executive Committee, "this contract is a wonderful sign of the trust put in us by the American authorities who have chosen to use a technology developed by the AREVA Group's. It is a reward for our know-how and the skill of our employees".
Winning this US contract just one year after the creation of the Group clearly demonstrates the key position of AREVA in the United States, where it generated 730 million euros (pro forma) in revenues in 2001 for the nuclear business. Its position was strengthened this year by the acquisition of Duke Engineering & Services and, more recently, the Equipment and Services (E&S) activities of Washington Group International, Inc.
AREVA is thus cementing its position in a country which has decided that nuclear energy is a vital part of its energy production.