Tuesday, September 30, 2008

AREVA Submits DOE Loan Guarantee Application for Eagle Rock Enrichment Facility

BETHESDA, Md., Sept. 29, 2008

AREVA today submitted its application to the U.S. Department of Energy for a loan guarantee for its Eagle Rock uranium enrichment facility, which the company is developing near Idaho Falls, Idaho.

The DOE loan guarantee program is designed to encourage investment in innovative nuclear
energy projects in the United States, such as new reactors and enrichment facilities.
The state-of-the-art Eagle Rock Enrichment Facility will use advanced centrifuge technology,
recognized worldwide as the benchmark for performance, reliability, and economics. This
technology offers significant improvements over current enrichment technology used in the
United States.
“DOE has made clear that maintaining a reliable and competitive U.S. uranium enrichment
industry is an important national energy security objective,” said General Manager of Strategic
Enrichment Programs Sam Shakir. “Our proposed Eagle Rock Enrichment Facility supports
this objective. It achieves a critical next step in building the infrastructure for long-term U.S.
energy security, reduces our nation’s reliance on imports of enrichment services, while
promoting clean nuclear energy to reduce greenhouse emissions.”
AREVA offers DOE a structure that meets the economic and technical criteria of the loan
guarantee program and offers the highest level of assurance of repayment.

AREVA is a world leader in enrichment services technology and the leading nuclear vendor in
the United States. The company expects to submit a license application to the U.S. Nuclear
Regulatory Commission for its Eagle Rock Enrichment Facility by the end of this year.

More About Areva

As the leading U.S. nuclear vendor and a key player in the electricity transmission and
distribution sector, AREVA Inc.’s 5,300 U.S. energy employees are committed to serving the
nation and paving the way for the future of the electricity market. With 45 locations across the
nation and nearly $2 billion in energy revenues in 2007, AREVA Inc., through its subsidiaries,
combines U.S. leadership, access to worldwide expertise and a proven track record of
performance. In the U.S. and in more than 100 countries around the world, AREVA is engaged
in the 21st century’s greatest challenges: making energy available to all, protecting the planet,
and acting responsibly toward future generations. AREVA Inc. is headquartered in Bethesda,

No comments: