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At last – Hinkley nuclear a new money spinner for troubled company AREVA

AREVA crumblingAreva says awarded 5 billion euros worth of Hinkley Point contracts http://af.reuters.com/article/energyOilNews/idAFL8N1C55YB PARIS, Sept 29 (Reuters) – French nuclear group Areva said on Thursday it has won contracts worth over 5 billion euros ($5.61 billion) to provide various services at Britain’s $24 billion Hinkley Point nuclear project.

 

The deal to build Britain’s first new nuclear power station in decades at Hinkley Point was signed behind closed doors in London earlier on Thursday in a private ceremony.

Areva said the subcontracts include among others, a long-term fuel supply agreement, and the delivery of the two nuclear steam supply systems, from design and supply to commissioning.

The company will also provide material for the fuel fabrication, producing uranium and providing conversion and enrichment services at Hinkley Point.

It said the activities will start in early 2020. ($1 = 0.8917 euros) (Reporting by Bate Felix; editing by John Irish)

September 30, 2016 - Posted by | business and costs, France

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