12/13/2023 | Press release | Distributed by Public on 12/13/2023 01:54
ENGIE signed a final agreement with the Belgian government on 13 December to extend operation of the Tihange 3 and Doel 4 nuclear reactors and on all obligations related to nuclear waste.
This document confirms and endorses the key principles of the framework agreement signed on 21 July 2023, namely:
The impact of the increase in ENGIE's commitments in respect of the transfer of nuclear waste provisions on non-recurring net income and on economic net debt was already recognised on 30 June 2023. ENGIE confirms that this agreement does not modify the Group's medium-term guidance.
The final text also sets out the technical and operational conditions for restarting the two units from November 2025, with full guarantees of nuclear safety.
The operation of these two reactors and the dismantling work under way on the other units will maintain around 4,000 jobs (direct, indirect and induced) and will require the recruitment of 200 additional employees in the coming months.
This agreement remains subject to approval by the European Commission - with consultation currently under way - and to the substantive vote on the legislative amendments.
Catherine MacGregor, Chief Executive Officer of ENGIE, stated: "We are very pleased to announce the final signature of this agreement, which allows a balanced sharing of risks associated with the extended operation of the two nuclear units and eliminates uncertainties for ENGIE Group related to the evolution of nuclear waste liabilities. Our teams are working hard on implementing the LTOs as quickly as possible, to strengthen security of electricity supply in Belgium."
[1] On closing for categories B and C waste and at the restart of the LTO for category A waste