New Projects, Nuclear

Areva completes financing program for uranium enrichment plant

NRC special inspection at Honeywell uranium hexafluoride leak

Areva completed a financing scheme to support the ramp up of a uranium enrichment plant in France owned by SET.

The financing is a loan of €650 million ($887.9 million) over 10 years from 10 international banks. It is underpinned by future revenues from the Georges Besse 2 plant, which is 84 percent complete as of May 2014.

The Areva-operated Georges Besse plant ceased production in May 2012 and was shut down the following June.

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