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Areva SA Announces Strategic Agreement with CNNC


Thursday, 25 Apr 2013 10:52am EDT 

Areva SA announced that it has signed a letter of intent with CNNC (China National Nuclear Corporation) to build a used fuel treatment and recycling facility in China. This agreement is a milestone in the negotiations as part of the signature of a future contract for the sale of the facility. The agreement covers the technical specifications and the project organization as well as the responsibilities and scope of work for each partner. The future facility would process used nuclear fuel from Chinese power plants in order to recover the reusable materials and recycle them as fuel. The facility would have a capacity to treat 800 metric tons of used fuel per year. Additionally, the two presidents of Areva SA and CNCC confirmed the advancement in their discussions on the potential equity interest acquisition of CNCC in the Areva SA subsidiary that holds a 66.65% stake in the Imouraren mine in Niger. 

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2.1405
0.0405 +1.93%
7 Jul 2014