Engie, formerly known as GDF Suez, reached an agreement with the government of Belgium for license extensions at the Doel 1 and 2 nuclear reactors and for a new nuclear contribution system.
The Engie group is expected to invest 700 million euros ($764.9 million) in the 10-year Doel extension and the Tihange 1. Tihange 1’s operation was extended 10 years by the previous legislature.
The planned amounts for the Doel 3 and 4 and Tihange 2 and 3 reactors are:
- A fixed amount of 200 million euros ($218.5 million) in 2015,
- A fixed amount of 130 million euros ($142 million) in 2016 (the 20 million euros [$21.9 million] due for the Doel 1 and 2 extension will be added),
- From 2017, Belgium will revise the contribution according to an objective formula taking account of changing costs, production volumes and electricity prices. The margin applied will be 40 percent.
An annual fee of 20 million euros will be payable from 2016 to 2025 for the Doel 1 and 2 license extensions. The agreement also ends a dispute between Electrabel and the Belgian state for 100 million euros ($109.3 million) in 2015 and 20 million euros in 2016.
Subscribe to Nuclear Power International magazine