AREVA Enrichment Services negotiates open-book, target price, multi-phase Construction Management, Procurement, and Construction Contract
Clients Areva SA
Jones Day advised AREVA SA's U.S. affiliate, AREVA Enrichment Services LLC, in connection with the negotiation and documentation of an open-book, target price, multi-phase Construction Management, Procurement and Construction Contract with URS Nuclear LLC, an affiliate of URS Corporation, relating to AES's (approximately) $3.3 billion Eagle Rock uranium enrichment facility in Bonneville County, Idaho.
The facility is expected to generate more than $5 billion in economic activity in the region, will create 5,000 direct and indirect jobs, and will help fuel 25% of U.S. reactors. The facility will use advanced centrifuge technology instead of the more energy-intensive gaseous diffusion process, and will be only the second plant to use this technology in the U.S. The project's technology uses 95 percent less electricity than the gaseous diffusion technology it replaces, reducing both energy use and environmental effects.