Point regarding the financing of the Cigéo project
January 15, 2016
AREVA notes the decision of the French Minister of Ecology, Sustainable Development and Energy regarding the cost for the long-term management of high and intermediate-level long-lived waste (known as the Cigéo project).
The target cost has been set for 25 billion euros based on economic conditions as of December 31, 2011. AREVA will integrate the impact of this revised quote in its 2015 accounts, taking a complementary provision of approximately 250 million euros, on the basis of the methodology used to determine the existing provision. The company will adjust the evaluation of its financing needs during the publication of the annual results on February 25th.
AREVA would like to reiterate its commitment to cooperate with the ANDRA, the French national radioactive waste management agency, in order to optimize the design of this major project, while meeting the safety standards of this facility.