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Opportunities in the Belgian energy sector Gert Wauters Senior Trade & Investment Adviser UKTI Belgium

Market Briefing. Belgium. 28th January

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Page 1: Market Briefing. Belgium. 28th January

Opportunities in the Belgian energy sector

Gert Wauters

Senior Trade & Investment Adviser

UKTI Belgium

Page 2: Market Briefing. Belgium. 28th January

Why Belgium ?

Belgium and its energy policy

What about nuclear ?

Opportunities in nuclear decommissioning

Key organisations

Main points

Page 3: Market Briefing. Belgium. 28th January

Why Belgium ?

Page 4: Market Briefing. Belgium. 28th January

Belgium is the UK’s sixth-largest export market, worth £10 billion a year. The UK is Belgium’s fourth-largest export market with two-way trade worth in the region of £22 billion.

Ideal test market but competitive market place

Interesting mix of Belgian companies, decision centres and EHQ’s

Why Belgium ?

Page 5: Market Briefing. Belgium. 28th January

Energy policy in Belgium

Page 6: Market Briefing. Belgium. 28th January

Energy policy in Belgium

Federal level

Nuclear

Offshore renewables

Security of supply

Large storage infrastructure

Energy production and transmission

Page 8: Market Briefing. Belgium. 28th January

Energy policy in Belgium

Nuclear : - substantial share in electricity generation

→ nevertheless decision in 2012 to phase out nuclear as of 2015

Incentives for combined cycle gas turbine (CCGT) plants

Renewables : target = 13% of energy generated by 2020

Early mover for offshore wind projects (2007)

Page 9: Market Briefing. Belgium. 28th January

What about nuclear ?

Electricity generated Generating capacity

Nuclear30%

Fossil fuel (gas)43%

Renewable21%

Hydro7%

Nuclear54%

Fossil fuel (gas)34%

Re-newable11%

Hydro2%

Data : 2011

Page 10: Market Briefing. Belgium. 28th January

Nuclear sites in Belgium

Doel

Fleurus

Mol - Dessel

Tihange

Doel :

-4 PW Reactors- operational 1974

Tihange :

-3 PW Reactors-Operational 1975

Both sites owned and operated byElectrabel (part of GDF Suez)

Page 11: Market Briefing. Belgium. 28th January

Nuclear sites in Belgium

Doel

Fleurus

Mol - Dessel

Tihange

Mol – Dessel :

- Nuclear fuel production site (FBFC – part of Areva)

-Nuclear disposal facility (Belgoprocess)

- Nuclear Research Centre (SCK-CEN)

Fleurus :Production of radio-Elements for use in nuclearMedicine (IRE)

Page 12: Market Briefing. Belgium. 28th January

Opportunities in nuclear decommissioning

July 2012 : Belgian government decides on nuclear phase out by 2015

Timetable for the phase-out of the seven reactors

First phase of the process (2016-2019) will focus on the spent nuclear fuel.

Currently 120 tonnes of highly radioactive spent fuel is produced annually.

In Doel it is stored dry in containers, in Tihange a spent fuel pool is used.

No tendering process

2015 2022 2023 2025Doel 1Doel 2

Doel 3 Tihange 2 Tihange 1Tihange 3

Doel 4

Page 13: Market Briefing. Belgium. 28th January

Key organisations

part of GDF-Suez

former monopoly supply gas & electricity in Belgium

owner & operator of nuclear reactors (Doel & Tihange)

Decommissioning and Dismantling Belgium

Nuclear generation

part of GDF-Suez

decommissioning engineer for Doel 1 & 2

Due Diligence Procurement Construction (EPCM/PMC)

Operation Decommissioning