Areva Chinese nuclear order signed Nov 25, EDF may part finance deal - report |
|
|
|
Published
:
Wed, 17 Oct 2007 06:58
|
PARIS (Thomson Financial) - Areva's long-delayed order from China to build two new-generation EPR nuclear reactors will be signed on November 25 during a visit by President Nicolas Sarkozy and will be worth a total of over 5 bln eur, Les Echos reported.Without naming its source, the paper said that under the deal, Areva will also supply the Chinese operator China Guangdong Nuclear Power Corp (CGNPC) with fuel for the plants for a period of over 20 years.It also said that French state-owned utility EDF, the biggest operator of nuclear plants in the world, may also part finance the agreement, taking a stake of 35-40 pct in a new company CGNPC will set up to operate the plant.According to Les Echos, the two new 1,600-megawatt reactors will be built at a new location, Taishan, near Hong Kong and this part of the contract will be worth 3.5-4 bln eur, while the fuel supply deal will earn it 1.5-2.0 bln.The reactors had originally been planned for the Yangjiang nuclear plant in the southern Guangdong province, but domestic CPR-1000 reactors were eventually chosen for this site.Areva's chief executive Anne Lauvergeon has already said the group will set up an engineering joint venture with a Chinese partner as part of the anticipated order.tfn.paris@thomson.commrg/vlbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
Print this Story
France wants to improve financing for state-owned nuclear group Areva - Lagarde 