nuclear-news

Orano (makeover of bankrupt AREVA ) not getting anywhere in selling nuclear reprocessing plant to China

Les Echos 23rd March 2019 Another place, another atmosphere. Xi Jinping’s visit to France is not expected to lead to any major breakthrough on Orano’s long-awaited contract to build a used nuclear fuel processing and recycling plant in China.

Fifteen months after Emmanuel Macron’s visit to Beijing during which the French industrialist and his partner CNNC had concluded a new memorandum of understanding , Orano (the former Areva refocused on the fuel cycle) is still far from to have won the bet. At the time, Orano and CNNC had given themselves until the end of 2018 to formally agree on this mega contract of more than 10 billion dollars.

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March 25, 2019 - Posted by Christina Macpherson | China, France, marketing