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« Laramide reports good intersects at Westmoreland | Main | Uranium: No Direction Home! »
Thursday
Apr032008

Urenco secures new loan of 125 million Euro

High demand for its enrichment services has enabled this European consortium to secure a 125 million Euro loan for its expansion plans. Chief Financial Officer Bart Le Blanc told Reuters in an interview recently that:

"Over the last couple of days we have been able to conclude an agreement with an institution for a 30-year loan. We expect with lifetime extensions (of nuclear power plants), with new builds in Asia and maybe new builds in the U.S. and the UK to continue to have a strong order book going forward,"

Their plans include a new plant in the United States, which is planned to be operational in mid-2009 and will will utilise Urenco's gas centrifuge technology, which they say is 60% less energy intensive than its competitors' gas diffusion technology.

This year they have turned in good profits and their orders for work are scheduled beyond 2025 which will generate around 18 billion Euro.

It looks to us to be the business to be in, with solid profits and a full order book but as it is government owned, ah well, that's life!

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Reader Comments (2)

what is a stock symbol for this company> tia...

April 13, 2008 | Unregistered Commenterrichard mruz

it is government owned

April 13, 2008 | Unregistered CommenterUranium Stocks

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