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Areva SA Announces Structure of Partnership for Hinkley Point C Project


Monday, 21 Oct 2013 03:05am EDT 

Areva SA announced that Letters of Intent have been signed by the Company, EDF Group, CGN (China General Nuclear Corporation) and CNNC (China National Nuclear Corporation) to become strategic and industrial partners in the Hinkley Point C project. An agreement has been reached in principle on an investment contract for the planned station. It has an approved EPR reactor design, regulators have awarded relevant nuclear site licenses, labor relations agreements are in place and the UK Government has granted permission for construction. Finalizing agreements with industrial partners for equity funding is one of the remaining key steps necessary before a final investment decision can be taken. 

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1.1795
0.0595 +5.31%
19 Dec 2014