AREVA and EDF sign two major contracts for the supply of more than 30,000 tonnes of natural uranium
Under the terms of these agreements, AREVA will supply more than 30,000 tonnes of natural uranium to EDF for the period from 2014 to 2035, one of the largest deliveries of uranium ever carried out by AREVA. These contracts thus further consolidate AREVA's position as a key partner to the world's leading supplier of nuclear power, and secure EDF's natural uranium supply over the very long-term.
Luc Oursel, CEO of AREVA, declared: "these contracts are further proof of the trust which EDF, our leading customer and partner, places in our range of competitive and long-term solutions, enabling them to ensure its supplies are secure."
Henri Proglio, Chairman and CEO of EDF, stated: "these agreements are part of the implementation of the strategic partnership established with AREVA at the start of the year. They represent an essential contribution to the EDF Group's security of supply and demonstrate the unity of the French nuclear sector."
The EDF Group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydraulic production facilities where 96.5% of the electricity output is CO2- free.
EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 27.9 million customers in France. The Group generated consolidated sales of €65.3 billion in 2011, of which 43.1% outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
AREVA supplies solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement.
Ranked first in the global nuclear power industry, AREVA's unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and related services. The group is also expanding its operations to renewable energies - wind, solar, bioenergies, hydrogen and storage - to be one of the leaders in this sector worldwide. With these two major offers, AREVA's 48,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.