Testing of the first centrifuge cascade has begun at the Georges Besse II (GB-II) uranium enrichment plant in southern France, Areva announced. The cascade is scheduled to start operating by the end of this year.
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The first cascade at GB-II (Image: Areva) |
François-Xavier Rouxel, executive vice president of Areva's enrichment business unit, commented: "This success confirms that the Georges Besse II project is on target and will allow Areva to strengthen its position as a leading figure on the global enrichment market, for which it provides nearly a quarter of all services."
The €3 billion ($4.7 billion) GB-II plant is based on 'ultra centrifuge technology' and will replace Areva's existing Georges Besse plant at Tricastin, which uses energy-intensive gas diffusion technology. Areva said that the GB-II project "represents one of the biggest industrial investments for the past decade in France."
In April 2007, the new plant received a licence to operate at up to 8.2 million SWU per year, enriching uranium up to a maximum of 6%. French prime minister François Fillon and Areva CEO Anne Lauvergeon inaugurated the first centrifuge cascade at the GB-II plant in May 2009.
The GB-II plant will be owned and operated by Areva subsidiary Société d'Enrichissement du Tricastin (SET). The centrifuge machines are being manufactured and supplied by the Enrichment technology Company (ETC), a 50-50 joint venture between Areva and Urenco.
Minority stakes in SET are being offered to customers, and Suez took up 5% in 2008. In March 2009, two Japanese companies, Kansai and Sojitz Corp, jointly took up 2.5%, and in June Korea Hydro and Nuclear Power (KHNP) took a further 2.5%. Electricité de France (EdF), as principal customer, opted for a long-term contract instead, and in February 2009 it signed a €5 billion ($7.4 billion) enrichment contract with Areva. It runs over 17 years to 2025, corresponding with the amortisation of the new plant. In mid-2007, KHNP signed a long-term enrichment supply contract of over €1 billion ($1.5 billion) - described at that time as Areva's largest enrichment contract outside France.