EDF, Areva et CGNPC signed a joint statement of cooperation.

Thu Apr 25, 2013 10:32am EDT

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EDF, Areva et CGNPC signed a joint statement of cooperation.

HE Yu, Chairman of China Guangdong Nuclear Power Holding Co. (CGNPC), Henri Proglio, Chief Executive Officer of Electricité de France (EDF), and Luc Oursel, Chief Executive Officer of AREVA have signed a tripartite agreement fostering deeper industrial and commercial cooperation among the three groups.

According to the terms of this agreement, CGNPC, AREVA and EDF reaffirm their willingness to successfully complete the construction of the first two reactors in Taishan, and to carry out a successful start of their commercial operation. This will also set the stage for an effective development of future reactors. In this perspective, AREVA and CGNPC will shortly analyze the return on experience gained from the construction of Taishan 1 & 2 units.

This cooperation also foresees EDF and AREVA contribution, in their respective field of expertise, to the improvement of safety, maintenance and performance of CGNPC's reactors in operation, and to the evolution of its fleet. Within this framework, the three partners will benefit together from their respective nuclear industrial experiences and will consider cooperation in future international projects.

Henri Proglio, EDF's CEO, declared: "Signing this agreement confirm the long-term relationship with CGNPC that began over 30 years ago with the construction and commercial operation of the Daya Bay and Ling Ao plants. Our shared interest, which was formalised today, is to continue with and strengthen this collaboration, which will benefit the whole nuclear sector in France."

EDF group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydropower generation facilities where 95.9% of the electricity output is CO2-free. EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 28.6 million customers in France. The Group generated consolidated sales of €72.7 billion in 2012, of which 46.2% outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.

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