Industrial clients
Exeltium shareholder-clients are “Electro-Intensive” industrial companies according to the French law. Overall, one hundred industrial sites are supplied in France. All shareholder-clients are bound to Exeltium by a take-or-pay contract, as the one between EDF and Exeltium. They represent the main groups established in France in sectors highly sensitive to electricity prices such as steel, aluminum, chemicals, industrial gases and paper.
A nation wide industrial presence
The producer: EDF
EDF operates its nuclear power fleet in France since the 1970’s. With 58 reactors, it has the second largest national fleet on a global basis (after the United States). This nuclear power capacity enables EDF to offer long term contracts at relatively stable price levels and for very large amounts of energy.
The 58 reactors provide 78% of electricity production in France with a very competitive cost structure compared to other existing means of production: coal, gas and subsidized means such as wind and solar.
With plants aged 28 years, designed to run 40 years, and with a view to extending life to 60 years, nuclear technology in France is the best suited to meet the need for industrial supply at a competitive and stable cost in the long term.
Exeltium therefore supports the extension of the existing nuclear plants and the competitive advantage it could give to the industry energy supplies, provided that an energy policy is set up in favor of industrials.
Banks and Caisse des Dépôts
Exeltium negotiated a financing with a syndicate of 10 banks. In a difficult financial climate, it took four years to complete the transaction.
“Caisse des Dépôts et Consignations” brought in a tranche of subordinated debt.
The team
Jean-Paul Aghetti, President
Ambroise Laeuffer, Operations Director
Pierre Maymard, Financial and Administrative Manager
Léonard Thereze, Operations Manager
Hubert Furno, Operations Manager