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Nuclear companies EDF and AREVA create a new nuclear company EDVANCE

Global News Wire 17th May 2017 EDF Group’s Board of Directors has approved the creation of the company EDVANCE which brings together EDF and AREVA NP engineers. This is a significant milestone in the reconstruction of the nuclear industry, announced in June 2015.

EDVANCE will be in charge of the basic design and implementation (studies, procurement support, assembly and commissioning) for projects involving nuclear islands and control systems for new reactors being built, both in France and around the world.

EDF will own 80% of the company’s capital, while AREVA NP will own 20%. This new company is set up independently from EDF’s acquisition of the exclusive control over NEW AREVA NP, planned for the end of 2017. http://globenewswire.com/news-release/2017/05/17/987156/0/en/EDF-EDF-Board-of-Directors-approves-the-creation-of-EDVANCE-a-significant-milestone-in-the-reconstruction-of-the-French-nuclear-industry.html

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May 19, 2017 - Posted by Christina MacPherson | business and costs, France

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