Hinkley Point C: AREVA Signs Contracts Worth over 5 Billion Euros

Regulatory News:

Areva (Paris:AREVA) has signed contracts with EDF and Nuclear New Builds Generation Company (NNB) - a joint venture between EDF and China General Nuclear Corporation - laying out the scope of its involvement in the Hinkley Point C project. This signing follows on from the decision of the British Government on September 15 to approve the construction of two EPR reactors at Hinkley Point in Somerset.

Within the scope of the Hinkley Point C project, AREVA has won several subcontracts to the value of over 5 billion euros.

AREVA NP will be responsible for the delivery of the two nuclear steam supply systems, from design and supply to commissioning. AREVA NP will also design, supply, install and commission the plant’s operational and safety instrumentation and control system.

A long-term fuel supply agreement was also signed, under which AREVA NP will fabricate the fuel needed to power the two reactors.

AREVA will provide the material for the fuel fabrication, producing uranium and providing conversion and enrichment services. These activities will start in the early 2020s.

Philippe Knoche, Chief Executive Officer, AREVA, said: "These contracts are the result of a number of years of work. They are further proof of the credibility of the French offering on the international market. We are delighted to be involved in the relaunch of nuclear power in the UK alongside EDF, NNB and our French, British and Chinese partners.”

Bernard Fontana, Chief Executive Officer, AREVA NP, added: "We are proud to have been selected as a partner for this flagship project for the British nuclear industry. This is a wonderful opportunity for AREVA NP to demonstrate its expertise. The HPC project will benefit from experience gained from the four EPR reactors currently under construction across the world and our teams are determined to make it a success.”

MORE ABOUT AREVA
AREVA supplies high added-value products and services to support the operation of the global nuclear fleet.
The company is present throughout the entire nuclear cycle, from uranium mining to used fuel recycling, including nuclear reactor design and operating services.
AREVA is recognized by utilities around the world for its expertise, its skills in cutting-edge technologies and its dedication to the highest level of safety.
AREVA’s 40,000 employees are helping build tomorrow’s energy model: supplying ever safer, cleaner and more economical energy to the greatest number of people.

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