Areva still contender for Chinese nuclear contract

15th March 2006, Comments 0 comments

PARIS, March 15, 2006 (AFP) - The French nuclear group Areva is still in the running for a contract to provide four power stations to China, a source close to the matter said on Tuesday, dismissing a report that the deal had gone to its US rival Westinghouse.

PARIS, March 15, 2006 (AFP) - The French nuclear group Areva is still in the running for a contract to provide four power stations to China, a source close to the matter said on Tuesday, dismissing a report that the deal had gone to its US rival Westinghouse.

"No official decision by the Chinese authorities has been notified to Areva concerning the tender," the source told AFP. "The matter will be only really lost when the selection committee has officially chosen Westinghouse."

Les Echos, a French business newspaper, said without naming its sources that the French state-controlled group has refused to match an offer from Westinghouse for the transfer of technology to the Chinese.

At Areva's headquarters, executives would say only that the tender was ongoing.

The source close to the matter said that the Chinese authorities were trying to pressure Areva into conceding to their demands for more transfer of nuclear technology.

Areva had already revised its bid for the power stations at the request of Chinese authorities, a source said last week.

Les Echos said on Wednesday that Areva feared that if it supplied China with its technology, this would eventually enable the country to create a rival nuclear group that would compete with Areva in markets such as India or Brazil.

Copyright AFP

Subject: French news

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