An agreement to negotiate - Trends-Tendances sur PC

An agreement to negotiate – Trends-Tendances sur PC

Engie and the Belgian State have reached an agreement in principle to extend Doel 4 and Tihange 3 for 10 years from autumn 2026. A final agreement is expected by the end of the year.

The day after the national holiday, Alexander De Croo, Prime Minister, and Tinne Van der Straeten, Minister of Energy, announced that they had reached an agreement in principle with Engie for the extension of Doel 4 and Tihange 3. The real negotiations will to be able to commit in order to reach a definitive agreement before the end of the year. That …

The day after the national holiday, Alexander De Croo, Prime Minister, and Tinne Van der Straeten, Minister of Energy, announced that they had reached an agreement in principle with Engie for the extension of Doel 4 and Tihange 3. The real negotiations will to be able to commit in order to reach a definitive agreement before the end of the year. What does this agreement in principle say? Firstly, the two plants, which represent 2 GW of capacity, will be extended for 10 years from November 2026. This means that they will therefore be shut down, as planned, in July 2025 for one and in September 2025 for the other. This still means that Belgium will therefore spend the winter of 2025-2026 without a nuclear power plant. The two new gas-fired power stations planned at Awirs and Seraing, subsidized via the CRM, will therefore have a crucial role to play. Then, that the State will be co-owner of the two plants (a company will be created with 50% for each of the partners) but will not be co-operator. Clearly, this implies that the State co-finances the extension (we are talking about a total cost of 1 billion euros) but also that it collects part of the profits from the operation. An amount which will automatically be higher than the current nuclear tax. This co-ownership also allows the State to have its say on strategic issues. Which, given the current energy situation, is a real challenge. Finally, the text says that the cost of dismantling the power plants will be borne by the operator, therefore Engie. This is the most sensitive part of the agreement and the one that will be the most complicated to conclude: what about nuclear provisions? And the cost of managing radioactive waste and spent fuel?

.

Leave a Comment

Your email address will not be published.