AREVA Committed to the Timely Completion of Olkiluoto 3 While Ensuring the Highest Level of Safety

  AREVA Committed to the Timely Completion of Olkiluoto 3 While Ensuring the
  Highest Level of Safety

Business Wire

PARIS -- February 12, 2013

Regulatory News :

AREVA (Paris:AREVA) :

Following TVO’s announcement regarding the schedule of the Olkiluoto 3
project, the AREVA-Siemens consortium would like to recall the commitment made
by the client to take all the measures necessary to contribute to a stable and
reliable calendar.

The AREVA-Siemens consortium and TVO jointly identified a while ago the
Instrumentation and Control (I&C) as a critical field for the positive
progress of the project.

Over the course of the past year, the consortium has asked for significantly
more active cooperation from TVO in order to obtain the final approval of the
detailed I&C architecture. The AREVA-Siemens consortium regrets that TVO
continues to not fulfill its obligations to allow for the project to advance
properly.

AREVA emphasizes that the EPR™ I&C offers major safety advancements and has
already been approved by the French and British nuclear safety authorities.

AREVA’s long-term experience in the construction of third generation nuclear
reactors has shown that working hand in hand with the customers is a key
factor to success. In China, the construction of the Taishan 1 & 2 EPR™
advances twice as fast as the Finnish project.

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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.

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Contact:

AREVA
Press Office
Julien Duperray
or
Vincent Kempkes
or
Jérôme Rosso
or
Alexandre Thébault
or
Katherine Berezowskyj
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
or
Investor Relations
Marie de Scorbiac
marie.descorbiac@areva.com
T: +33 (0) 1 34 96 05 97
or
Philippine du Repaire
philippine.durepaire@areva.com
T: +33 (0) 1 34 96 11 51