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[en] It is has a consensus that, for a nation to grow and develop in economic terms, an adequate supply of power should be available to provide its industrial sector as well as the needs of its people. Brazil did in the past make the decision to include the power generated from a nuclear source in its power generation matrix. The country today has two nuclear power plants in operation, Angra I and Angra II. The Angra I facility is nearly 40 years old and, should this country not manage to extend its lease of life, it should be decommissioned and taken apart, as provisioned for in prevailing legislation. In order to face the decommissioning costs of a nuclear power generation facility a sizeable amount of financial resources should be available to implement the decommissioning plan the operator is required to submit to the regulatory body. As the expected operating life of a nuclear power plant is of 40 years, some extensions were added to it to see the facilities go through successive and different governments and economic plans. This work studies some of the economic and financial aspects that go into the decommissioning of the Angra I power plant, pursuant to the IAEA documents published on the subject, covering different scenarios for yearly interest and the manner of the deposits, such as those of an uniform series of deposits and those of a growing and finite arithmetic progression. (author)
[en] Orano delivered solid results in 2019 with a return to revenue growth, an increase in the EBITDA supported by successful implementation of its performance plan and a positive net cash flow after a voluntary contribution enabling a return to 100% coverage of its dismantling liabilities. By improving its financial outlook for 2020, the Group is confirming its role as a major player in the low carbon nuclear energy industry, which has its part to play in the fight against climate change. Robust operating performance: Revenue of Euros 3,787 million, up +4.5% compared with 2018 (+3.7% like-for-like); EBITDA margin of 23.7% (22.7% in 2018) supported by the performance plan. Net cash flow from company operations very positive: Net cash flow of Euros 219 million, up compared with 2018 (Euros 158 million); A voluntary contribution of Euros 134 million to earmarked assets brought the coverage rate of end-of-life-cycle liabilities up to 100%. Big increase in net income attributable to owners of the parent: Net income attributable to owners of the parent of Euros 408 million (loss of Euros 544 million in 2018), reflecting the high return on earmarked assets and the good operating momentum; Adjusted net income attributable to owners of the parent of Euros 145 million loss (profit of Euros 72 million in 2018), penalized by the impact of the drop of the rates in 2019 and by the non-recurring cost of the debt refinancing transaction for a total of Euros 150 million. Improved 2020 financial outlook: Increase in the anticipated EBITDA margin to between 23% and 26% (vs. between 21% and 24%); Continued revenue growth
[en] The end of June saw the return of activity to close to pre-Covid 19 levels, except for the mining sites which remain shut down in Canada, and Kazakhstan operating at a slower pace, which are most strongly impacting the second half: - Revenue of Euro 1,782 million, up +7.8% on the first half of 2019; - EBITDA margin at 22.8%, despite operational performance adversely affected by the Covid-19 crisis. Net income attributable to owners of the parent impacted by the negative performance of the financial markets due to the health crisis: - Net income attributable to owners of the parent at -Euro 212 million, combining positive operating performance and a strongly negative return on assets earmarked for end-of-lifecycle commitments in the first half of 2020; - Adjusted net income attributable to owners of the parent at +Euro 17 million, compared with -Euro 111 million in the first half of 2019, reflecting the solid performance of operating businesses despite the crisis. Positive net cash-flow and solid liquidity position: - Net cash-flow of +Euro 46 million versus -Euro 59 million in the first half of 2019, the cash impacts of the Covid-19 crisis being mainly deferred until the second half; - Net debt stable during the period at Euro 2.2 billion, with Euro 1.8 billion in cash as of June 30. Adjustment to 2020 financial outlook: - Slight decrease in revenue; - EBITDA margin between 22% and 25%; - Continuation of positive net cash-flow
[en] This table aims to gather information on the amounts available to compensate potential victims of a nuclear incident in countries and economies having nuclear power plants and/or having ratified at least one of the international conventions on nuclear third party liability. In the table: Public funds correspond to the amounts provided from public funds beyond the Operator's Liability Amount to be made available by the States parties to the BSC or CSC according to such conventions, or by any public authority pursuant to applicable laws and regulations. International funds correspond to public funds contributed jointly by all the States parties to the BSC or CSC according to a pre-determined formula provided in the respective conventions. The amounts provided in the table corresponds to the total amount of the international funds calculated. For the CSC international fund, the amount has been calculated by the IAEA on-line calculator available at https://ola.iaea.org/ola/CSCND/index.html on the day the table was updated. SDR is a unit of account used by the International Monetary Fund and is based upon a basket of weighted currencies. The latest exchange rates of SDRs per currency units are available at www.imf.org/external/np/fin/data/rms_five.aspx. Interest and legal costs are not specified in the table.
[en] Voltalia is an international player in the renewable energy sector. The Group produces and sells electricity generated from wind, solar, hydraulic, biomass and storage facilities that it owns and operates. Voltalia has generating capacity in operation and under construction of more than 1.2 GW and a portfolio of projects under development representing total capacity of 7.8 GW. Voltalia is also a service provider and supports its investor clients in renewable energy projects during all phases, from design to operation and maintenance. As a pioneer in the corporate market, Voltalia provides a global offer to private companies, ranging from the supply of green electricity and energy efficiency services to the local production of their own electricity. The Group is present in 20 countries on 4 continents and is able to act worldwide on behalf of its clients. This Universal Registration Document includes: the annual financial report; the management report including the report on extra-financial performance; the Statutory auditors' reports and the information related to their fees; the Board of directors' report on corporate governance; and information on the share buyback program
[en] Objectives: Provide advice and assistance to Member States in enhancing the performance of research reactors; Identify areas for improvement; Address specific operational challenges; Create a space for sharing experiences and good practices. Scope: Performance oriented and focuses on good practices; Operational plans, procedures and practices, including operational performance indicators; Maintenance plans, procedures and practices, including non-destructive examination and inservice inspections; Ageing management plans and practices; Human resources development including for technical services; Quality assurance and integrated management system; Plant asset and configuration management; Plant modification and/or refurbishment. Outcomes: A more efficient and reliable long-term operation of a research reactor; Better performance - product and services; Improved safety and safety culture; Optimized utilization of human and financial resources; Sharing of experience and good practices.
[en] Neoen is the leading French independent producer of renewable energy and a major player on the world stage. Neoen is a specialist, independent power producer with a long-term vision that translates into a strategy to produce renewable, competitively-priced energy, sustainably and on a large scale. Neoen's total capacity in operation and under construction is currently over 3 GW. This document is the 2019 annual financial report of the company. It presents: 1 - The Business report: Activities; Alternative performance indicators and operating data; Analysis of operations and results; Financing and investments; Risks and uncertainties; Insurance and risk management; Intellectual property; Information on trends and objectives; 2 - The capital and share-holding structure: Information on the Company; Capital; Share-holding structure; 3 - The Report on corporate governance: State of governance; Organisation of corporate governance; Remuneration of corporate officers; 4 - The Sustainable development and corporate social responsibility: Vision, policies and organization; Main risks with regard to corporate social and environmental responsibility; Health and safety at the heart of the Group's preoccupations; Dialogue of quality with local communities; Ethical and responsible practices all along the value chain; A proactive environmental policy; Attracting and developing talents; Report of the independent third-party body; Vigilance plan; 5 - The Financial statements and statutory auditors reports: Neoen Group consolidated financial statements as of December 31, 2019; Statutory auditors' certification report on the consolidated financial statements of Neoen Group as of December 31, 2019; Annual financial statements of Neoen S.A. as of December 31, 2019; Statutory auditors' certification report on the annual financial statements of Neoen S.A. as of December 31, 2019; 6 - Glossary; 7 - Declaration by the person responsible for the annual financial report
[en] In 2019, Terega, France's leading independent operator of gas infrastructures, recorded growth of 5% and generated revenues of Euros 500 m, in line with its targets. On 1 November 2018, the French gas market underwent a major modification. With the creation of the Trading Region France (TRF), Terega now works in a single market area, which is interconnected, more attractive and more competitive. This led to a 27% increase in gas flows over the Terega network in 2019. The transmission activity increased by 5%, with turnover of Euros 339 million, thanks to the increase in authorised revenue due to investments made and the increase in capacity subscriptions, particularly at the interface with Spain. Revenue from the storage activity is up by 4.5% to Euros 161 million. Profits were up thanks to the increase in authorised revenue due to investments put into service. In 2019, Terega invested Euros 145 million in infrastructure modernisation, safety, and maintenance projects: - Euros 101 million for the transmission activity, mostly made up of development investments, with the inauguration of the gas pipeline in July 2019 at Rion-des-Landes (Landes - 40). This public utility project for the construction and operation of pipes between Rion-des- Landes and Castets secures local supply, enhances the coverage of the regional grid for delivering gas and is aimed at preparing for the injection of green gas. - Euros 44 million for the storage activity, which made it possible to secure supply, make facilities more reliable, and maintain the performance of injection on storage sites and withdrawal capacities to better meet the demands of its customers. In 2019, Terega undertook a campaign to optimise the equipment on its underground storage platforms in Lussagnet (Landes - 40) and Izaute (Gers - 32), with the drilling of two additional wells. 2020 outlook: At the time when we are announcing Terega's profit for the 2019 financial period, France has been hit by the COVID-19 crisis. The company has adapted to this highly unusual situation by implementing a Business Continuity Plan to fulfil its public service obligations and intends to contribute fully to the progressive economic recovery. Thanks to the implication of the teams in the field and those working from home, Terega ensures the energy security of our regions, whilst protecting all of its employees. 2019 was a year in which the French energy policy was defined and marked by changes to the pricing regulations by the CRE for the transmission and storage of gas for the period from 2020 to 2023; as well as by the announcement of the adoption of the 'Climate and Energy Act' in France, setting the target of becoming carbon neutral by 2050, which is entirely consistent with the companies objectives. In this dual institutional and sanitary context, 2020 represents a new strategic heading for Terega in the implementation of its IMPACTS 2025 plan with the key words: proximity, openness, efficiency and solidarity with interested parties that may be in need following the current COVID- 19 crisis. In awareness of the new challenges that the energy sector faces, Terega, a driver for energy transition, is entirely ready to build the models for the future and design innovative solutions to optimise existing resources. The collaborative IMPULSE 2025 project, which was launched in 2019 with the ambition of deploying a multi-energy system, bears witness to these initiatives. Terega is convinced of the potential of renewable energy sources as an essential link in the future gas mix and will continue to sign contracts to connect biomethane to its network (six projects completed to date). As a partner of the Jupiter 1000 project, the company will also continue to assist with the implementation of the first 'Power-to-Gas' demonstrator in France, at Fos-sur-Mer (Bouches-du-Rhone - 13). Also, to promote a culture of excellence and to maximise its overall efficiency, Terega is continuing the drive undertaken since 2018 as part of its Business Excellence program by transforming its professional practices and building on the expertise of its employees. 2020 shall also be the year when Terega goes carbon neutral. A commitment made in 2016 through its BE POSITIF program, which demonstrates the company's intention to become an exemplary player on the environmental level, whilst deploying a proactive policy to reduce and compensate for the footprint of its activities. This is a requirement that is fully consistent with the companies' objectives to assist with moving the French economy towards being carbon neutral by 2050.
[fr]Terega, premier operateur francais independant d'infrastructures gazieres, affiche une croissance de 5% en 2019 en realisant un chiffre d'affaires de 500 M. en ligne avec ses objectifs. Le 1er novembre 2018, le marche francais du gaz naturel a ete modifie en profondeur. Avec la creation de la Trading Region France (TRF), Terega intervient desormais dans une zone de marche unique, interconnectee, plus attractive et plus competitive. Cela s'est traduit par une augmentation de 27 % des flux de gaz qui ont transite sur le reseau de Terega en 2019. L'activite transport affiche une croissance de 5% soit un chiffre d'affaires de 339 M., grace a l'augmentation du revenu autorise du fait des investissements mis en service et a la hausse des souscriptions de capacite, notamment au point d'interface avec l'Espagne. L'activite stockage est en hausse de 4,5% avec un chiffre d'affaires de 161 M. Des resultats en hausse due a l'augmentation du revenu autorise du fait des investissements mis en service. En 2019, Terega a investi 145 M. sur des projets de modernisation, de securite et de maintien des infrastructures: - 101 M. pour l'activite transport principalement constitues d'investissements de developpement, avec notamment un gazoduc inaugure en juillet 2019 a Rion-des-Landes (40). D'utilite publique, ce projet de construction et d'exploitation d'une canalisation entre les communes de Rion-des-Landes et Castets securise l'approvisionnement local, renforce le maillage du reseau regional d'acheminement de gaz et vise a preparer l'injection de gaz vert. - 44 M. pour l'activite stockage qui ont permis de securiser l'approvisionnement, de renforcer la fiabilite des installations, de maintenir la performance des capacites d'injection et de soutirage des stockages pour mieux repondre a la demande des clients. En 2019, Terega a mene une campagne d'optimisation des equipements de ses plateformes de stockage souterrain de Lussagnet (40) et d'Izaute (32), avec le forage de deux puits complementaires. Perspectives 2020: A l'heure ou nous annoncons les resultats de Terega pour l'exercice 2019, la France est frappee par cette crise du Covid-19. L'entreprise s'est adaptee a cette situation totalement inedite en mettant en place un plan de continuite d'activites afin de repondre a sa mission de service public et entend participer pleinement a la reprise progressive de l'economie. Grace a la mobilisation des equipes sur le terrain comme en teletravail, Terega assure la securite energetique de nos regions, tout en protegeant l'ensemble de ses collaborateurs. 2019 a ete une annee structurante pour la politique energetique francaise marquee par l'evolution de la reglementation tarifaire par la CRE pour le transport et le stockage de gaz pour la periode 2020-2023 et par l'annonce de l'adoption de la 'Loi Energie et Climat ' fixant l'objectif d'une neutralite carbone pour 2050, en totale coherence avec les ambitions de l'entreprise. Dans ce double contexte institutionnel et sanitaire, 2020 represente un nouveau cap strategique pour Terega dans la realisation de son plan IMPACTS 2025 avec comme maitres mots: proximite, ouverture, efficacite et solidarite vis-a -vis de parties prenantes qui pourraient en avoir besoin suite a la crise actuelle du Covid-19. Conscient des nouveaux defis que connait le secteur energetique, Terega, accelerateur de la transition energetique, reste pleinement mobilise pour batir les modeles de demain et concevoir des solutions innovantes qui permettront d'optimiser les ressources existantes. Le projet collaboratif IMPULSE 2025 lance en 2019, dont l'ambition est de deployer un systeme multi-energies intelligent, temoigne de ces initiatives. Convaincu du potentiel des energies renouvelables comme maillon essentiel d'un futur mix gazier, Terega poursuivra la signature de contrats de raccordement biomethane sur son reseau (six projets concretises a ce jour). Partenaire du projet Jupiter 1000, l'entreprise continuera egalement d'accompagner la mise en oeuvre du premier demonstrateur 'Power-to-Gas' en France, implante a Fos-sur-Mer (13). Par ailleurs, soucieux de promouvoir une culture de l'excellence et de maximiser son efficience globale, Terega poursuit dans le cadre de son programme Business Excellence le mouvement engage depuis 2018 a savoir, la transformation de ses pratiques professionnelles et la montee en competence des collaborateurs. 2020 sera aussi l'annee de la neutralite carbone pour Terega. Un engagement pris en 2016 au travers de son programme BE POSITIF, qui marque la volonte de l'entreprise de devenir un acteur exemplaire sur le plan environnemental, tout en deployant une politique volontariste de reduction et de compensation de l'empreinte de ses activites. Une exigence en parfaite coherence avec l'ambition de l'entreprise d'accompagner la transition de l'economie francaise vers la neutralite carbone a l'horizon 2050.
[en] A brief account of activities carried out by the Nuclear Regulatory Authority of the Slovak Republic (UJD SR) in 2019 is presented. These activities are reported under the headings: Foreword by the Chairperson; (1) Legislative activity; (2) Regulatory activity; (3) Nuclear safety of nuclear installations; (4) Nuclear Materials; (5) Competence of the building authority; (6) Emergency planning and preparedness; (7) International activities; (8) Public relations; (9) Nuclear Regulatory Authority of the Slovak Republic; (10) Annexes; (11) Abbreviations used.