from ENGIE (EPA:ENGI)
Closing of the agreement between ENGIE and the Belgian government
Press release March 14, 2025
Closing of the agreement between ENGIE and
the Belgian government
On March 14 2025, ENGIE and the Belgian government closed the agreement covering the 10-year extension of the Tihange 3 and Doel 4 nuclear reactors and the transfer of responsibility related to nuclear waste.
This final step following the European Commission’s approval on February 21 2025, resulted in the payment of the first instalment related to the transfer of responsibility for nuclear waste and spent fuel. The second instalment will be paid when the reactors restart in November 2025.
As a result of the transfer of all nuclear waste liabilities to the Belgian government, ENGIE will no longer be exposed to the evolution of future costs related to the treatment of waste.
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Doel 4 and Tihange 3 will be held in a joint venture equally owned by the Belgian State and ENGIE, with a contract for difference mechanism allowing a balanced sharing of risks.
About ENGIE
ENGIE is a major player in the energy transition, whose purpose is to accelerate the transition towards a carbon-neutral economy. With 98,000 employees in 30 countries, the Group covers the entire energy value chain, from production to infrastructures and sales. ENGIE combines complementary activities: renewable electricity and green gas production, flexibility assets (notably batteries), gas and electricity transmission and distribution networks, local energy infrastructures (heating and cooling networks) and the supply of energy to individuals, local authorities and businesses. Every year, ENGIE invests more than €10 billion to drive forward the energy transition and achieve its net-zero carbon goal by 2045.
Turnover in 2024: €73.8 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and nonfinancial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).
ENGIE HQ Press contact: Tel. France : +33 (0)1 44 22 24 35 Email: engiepress@engie.com https://twitter.com/ENGIEnewsroom | Investor relations contact: Tel. : +33 (0)1 44 22 66 29 Email: ir@engie.com |
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