Long-term joint venture agreement signed between SUEZ, Electrabel and SCK•CEN

2007-12-06

2007-12-06

SUEZ, Electrabel and the ‘Belgian Nuclear Research Centre’ at Mol, SCK•CEN have signed a new joint venture agreement, which contains a broad portfolio of research and development projects, as well as a specific training programme for young engineers taken on during the SUEZ group’s latest recruitment campaign. For a period of at least five years, this agreement involves an annual sum of three million euro.
In the current context of the expansion of electricity based on nuclear energy at an international level, for the three partners this important collaboration endorses the recognition of the know-how and quality of the research carried out by SCK•CEN, which provides support services for the group’s nuclear power plants in Belgium.
The signing by the two boards of directors is planned for Thursday 6 December at SUEZ head office in Brussels in the presence of Jean-Pierre Hansen, General Operational Director of SUEZ and CEO of Electrabel and Eric van Walle, Managing Director of SCK•CEN.

SCK•CEN was established in 1952 with the aim of providing access for Belgian academic and industrial circles to the development of nuclear energy throughout the world. The SCK•CEN is a public utility institution with articles of association under private law, and comes under the supervision of the Belgian federal minister responsible for energy. SCK•CEN employs about 600 people, 45% of whom have a university degree. From 1991 its corporate mission has focussed on the study of issues of social interest: the safety of nuclear power plants, protection from radiation, safe processing and storage of radioactive waste, combating the uncontrolled spread of nuclear fuel, the fight against terrorism.

About SUEZ
SUEZ, an international industrial and services Group, designs sustainable and innovative solutions in the management of public utilities as a partner of public authorities, businesses and individuals. The Group aims to answer essential needs in electricity, natural gas, energy services, water and waste management. SUEZ is listed on the Brussels, Luxembourg, Paris and Zurich stock exchanges and is represented in the major international indices: CAC 40, BEL 20, DJ STOXX 50, DJ EURO STOXX 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and ASPI Eurozone. The Group employs 140,000 people worldwide and achieved revenues of €44.3 billion in 2006, 89% of which were generated in Europe and in North America.