AREVA Pursues Its Development in India:

Fri Jul 10, 2009 11:40am EDT
 
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PARIS--(Business Wire)--
Regulatory News:

* Submits a Bid for the Construction of Two EPRTM Reactors
* Joins Forces with Bharat Forge to Build a Forged Parts Manufacturing Plant
* Signs an Agreement with Tata for the Supply of Engineering Services

On the eve of the visit of Indian Prime Minister, Dr. Manmohan Singh, to France,
AREVA (Paris:CEI) is taking stock of how its nuclear activities are developing. 

Yesterday, AREVA submitted a bid to Indian utility NPCIL for the design and
construction of two EPR reactors, each with an output in excess of 1,600 MW. The
plants will be built on the Jaitapur site in the state of Maharastra and
commissioning is scheduled for late 2017 and end of 2018. Within the scope of
the site development plan, NPCIL expects Jaitapur to accommodate up to six
units. 

To move this ambitious program forward rapidly, AREVA has submitted an early
works agreement to NPCIL to launch initial design and book the manufacturing
capacities needed for the major components. 

In parallel, AREVA is joining forces with a number of local companies:

* The group has just entered into a strategic alliance with Bharat Forge by
signing an agreement which lays down the main conditions of the joint-venture
which is set to build a forged parts manufacturing plant in India. The agreement
marks an important milestone as legal agreements can now be drafted, the
industrial tool determined and a site acquired. 
* AREVA has finalized the terms of a framework agreement with the Indian
engineering company TCE Consulting Engineers Limited (TCE), a subsidiary of the
Tata Sons Limited. This agreement for the supply of engineering services will be
signed shortly.

AREVA's bid for the construction of two EPRTM reactors and these various
agreements confirm the group's desire to expand its activities in India, one of
the world's most dynamic economies which needs to rapidly increase its
production capacity to meet its ever-growing energy needs. 

MORE ABOUT

All over the world, AREVA provides its customers with solutions for carbon-free
power generation and electricity transmission. With its knowledge and expertise
in these fields, the group has a leading role to play in meeting the world`s
energy needs. 

Ranked first in the global nuclear power industry, AREVA's unique integrated
offering covers every stage of the fuel cycle, reactor design and construction,
and related services. 

In addition, the group is developing a portfolio of operations in renewable
energies. AREVA is also a world leader in electricity transmission and
distribution and offers its customers a complete range of solutions for greater
grid stability and energy efficiency. 

Sustainable development is a core component of the group`s industrial strategy.
Its 75,000 employees work every day to make AREVA a responsible industrial
player that is helping to supply ever cleaner, safer and more economical energy
to the greatest number of people. 





Areva
Press Office
Patricia Marie
Julien Duperray
Pauline Briand
Fleur Floquet-Daubigeon
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
or
Investor relations
Isabelle Coupey
isabelle.coupey@areva.com
T: +33 (0) 1 34 96 14 85 

Copyright Business Wire 2009

 

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