Urenco said yesterday that it is “on track” to complete a major capacity expansion at its Urenco USA site in New Mexico by the end of this year. The uranium enrichment and nuclear fuel cycle services provider has said it is expanding capacity there to 4700 tonnes-separative work units (SWU) per year.
The group invested €280.6 million ($309.5 million) in the first half of 2015 in the new enrichment facility in the USA and at its tails management facility in the UK. It said in March that it had pushed back the expected start date of the Capenhurst Tails Management Facility (TMF) deconversion plant to 2017.
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Discussions between shareholders and governments continue with respect to the future ownership of the company, it said.
German utilities EOn and RWE jointly own a one-third stake in Urenco on behalf of the German government, while Britain and the Netherlands also hold a third each. News agency Reuters reported on 12 August that EOn chief executive officer Johannes Teyssen had said he was confident the company could sell its stake in Urenco, but the enrichment company’s complex ownership structure means it is impossible to say when a sale would take place. Teyssen also said the Dutch government’s recent decision to sell its stake had been a significant step in the process.
Both Engelbrecht and John Hood, chairman of the Urenco board, have announced their intention to retire. They will continue in their positions until successors have been appointed to ensure a smooth transition, Urenco said.
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