nuclear-news

AREVA joins the pack marketing nukes to Britain

Areva Said Ready to Join Group Building U.K. Nuclear Power Plant, Bloomberg News By Tara Patel and Francois de Beaupuy October 16, 2013 Areva will take a stake in the Hinkley Point project from Electricite de France SA, the people said, asking not to be identified before an announcement is made. China General Nuclear Power Corp. will also become a shareholder, the people said. Areva and EDF’s boards will meet in the next week to approve the deal, they said.

Bringing in Areva and China General as partners will allow EDF to share the expense of a project likely to cost about 14 billion pounds ($22 billion). The EDF-led group, expected to sign an agreement with the U.K. government next week, will build two Areva-designed EPR reactors able to supply about 3,600 megawatts, more than 4 percent of U.K. generation capacity. Officials at EDF and Areva declined to comment. Nobody at China General was available to comment outside office hours……http://www.businessweek.com/news/2013-10-16/areva-said-ready-to-join-group-building-u-dot-k-dot-nuclear-power-plant

October 17, 2013 - Posted by Christina Macpherson | France, marketing, UK