[cdn-nucl-l] AREVA and SIEMENS selected to be preferred bidder to build an EPR in Finland

["Radik Ixanov" <ixanov@sympatico.ca>]

Press releases on AREVA website
(http://www.arevagroup.com/servlet/ContentServer?pagename=arevagroup_en%2FPr
essRelease%2FPressReleaseFullTemplate&cid=1065709654299)


October 16, 2003

The consortium led by AREVA has been named preferred supplier by the Finnish
electricity utility Teollissuden Voima Oy (TVO) for the construction of a
fifth nuclear power plant. The selected design is based on the European
Pressurized Water Reactor (EPR) advanced technology. The plant would be
constructed at the Olkiluoto Site.
 Upon signature of a final contract by the end of the year, FRAMATOME ANP,
an AREVA and SIEMENS company, will notably supply the nuclear island and
Siemens the conventional island.

With a capacity of about 1600 MWe, the EPR has a number of major innovative
features making it safer and more competitive. The electricity generated is
10% cheaper than that generated in the nuclear reactors currently in
operation. It uses 15% less uranium to generate the same amount of
electricity and so produces less spent fuel. Maintenance operations are
simpler and therefore shorter, increasing availability to over 90%.

"I am proud that TVO has put its trust in the Framatome ANP/SIEMENS
consortium. We will do everything to ensure that our project attains a
positive end and is a resounding success", said Anne Lauvergeon, Chairman of
AREVA's Executive Board.