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France's Orano gets EIB loan for enrichment facility expansion
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 10, 2025
1 min readLast updated: January 24, 2026
Orano secures a €400 million EIB loan to expand its nuclear enrichment facility in France, enhancing European energy security.
PARIS (Reuters) - French nuclear fuels company Orano signed an agreement for a 400 million euro ($433.20 million) loan with the European Investment Bank, it said on Monday, to help fund the expansion of its nuclear enrichment facility in southern France.
State-owned Orano is expanding the facility to meet an expected growth in demand for nuclear fuel as European countries make plans to build new nuclear reactors, in addition to six new reactors planned in France.
The expansion, to cost 1.7 billion euros, will raise fuel production at the site by 30%.
The remaining financing will come from the company's own financing capacities and the debt market, a spokesperson said.
France relies on nuclear energy production for about 70% of its power, but is still reliant on Russia for a large portion of its enriched fuel.
"In the current geopolitical context, this support for our activities from the EIB will help to strengthen security of supply in the European Union," said Orano CEO Nicolas Maes.
($1 = 0.9224 euros)
($1 = 0.9234 euros)
(Reporting by Forrest Crellin; Editing by Tomasz Janowski)
Orano signed a €400 million loan with the European Investment Bank to fund the expansion of its enrichment facility to meet the expected growth in demand for nuclear fuel.
The total cost of the facility expansion is estimated to be €1.7 billion, which will increase fuel production at the site by 30%.
France relies on nuclear energy for about 70% of its power, making it crucial for the country's energy strategy, especially in light of geopolitical tensions affecting fuel supply.
Orano CEO Nicolas Maes stated that the EIB's support will help strengthen the security of supply in the European Union amid the current geopolitical context.
The remaining financing for the expansion will be sourced from Orano's own financing capacities and the debt market.
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