AREVA will appeal against CEZ’s decision

  AREVA will appeal against CEZ’s decision

Business Wire

PARIS -- October 29, 2012

Regulatory News:

AREVA (Paris:AREVA) disagrees with CEZ’s exclusion notification in the TEMELIN
3&4 project. Considering CEZ decision as baseless, the Group has decided to
appeal and to call for a suspension of the bid procedure.

The group believes that its detailed offer handed to CEZ last July is
compliant with statutory requirements and has been misunderstood in many
respects. AREVA has provided in its letter dated 19th October detailed
objections to eachof the reasons for exclusion raised by CEZ.

AREVA regrets in such an important project the absolute lack of dialogue.
AREVA had no opportunity to clarify its offer or answer any questions and
concerns CEZ might have had.

“I deeply regret that AREVA is penalized based on matters that have never
been discussed between the parties before, without any dialogue or
clarification process, both of which are a standard in a nuclear industry
where transparency and dialogue are key. AREVA’s offer meets the highest level
of quality in terms of technical and performance capabilities, as well as in
respect of commercial conditions”, said Luc Oursel, AREVA CEO.

AREVA is now forced totake all legal actionsavailableunder Czechand EU
laws with the objectiveof returning to the Temelin 3 & 4 tender process. The
first of these actions will be an appeal against CEZ’s decision on AREVA’s
objections to its exclusion that AREVA will file with the Czech Office for the
Protection of Economic Competition, a body responsible for supervision of
public procurement processes.

AREVA remains fully committed to the Temelin project and related commercial
activities, as well as its long-lasting commercial and industrial relationship
with the Czech industry. The EPR^TM reactor meets the highest safety standards
and is the only Generation III+ nuclear reactor design licensed in Europe.

MORE ABOUT

AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.

Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The group is also expanding its
operations to renewable energies – wind, solar, bioenergies, hydrogen and
storage – to be one of the leaders in this sector worldwide.

With these two major offers, AREVA’s 48,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

Contact:

Press Office
Patricia Marie
Pauline Briand
Alexandre Thebault
Jérôme Rosso
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
Investor Relations
Marie de Scorbiac
marie.descorbiac@areva.com
T: +33 (0) 1 34 96 05 97
Philippine du Repaire
philippine.durepaire@areva.com
T: +33 (0) 1 34 96 11 51
 
Press spacebar to pause and continue. Press esc to stop.