February 3, 2009 / 7:32 AM / in 10 years

Areva to build two nuclear reactors in India-paper

PARIS, Feb 3 (Reuters) - French state-controlled nuclear group Areva CEPFi.PA is set to sign a deal to build two EPR nuclear reactors with Nuclear Power Corp of India [NPCIL.UL], La Tribune newspaper reported on Tuesday.

A contract could be signed “at best at the end of 2009” and construction could be completed around 2016, the newspaper said, citing the president of Areva’s Indian subsidiary, Arthur de Montalembert.

A memorandum of understanding was expected to be signed between the two companies in New Delhi on Wednesday, La Tribune said, adding the French state was ready to support the project. Alstom (ALSO.PA) is also set to provide turbines for smaller nuclear reactors in a deal with India’s Bharat Heavy Electricals (BHEL.BO). (Reporting by James Regan, editing by Dan Lalor)

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