Areva to announce major Chinese contracts: report

1st November 2010, Comments 0 comments

French nuclear energy giant Areva is expected to announce a number of major Chinese contracts during President Hu Jintao's state visit to France this week, Les Echos business daily reported.

The group will sign a deal worth three billion dollars to supply nuclear fuel to China Guangdong Nuclear Power Corp (CGNPC), Les Echos reported in its Tuesday edition.

This would see the French firm supply 20,000 tonnes of uranium over the next 10 years, the report said.

Areva will also likely announce progress in negotiations with CGNPC over the construction of two new-generation nuclear reactors, the newspaper said, without citing sources.

Areva may also resume negotiations with the China National Nuclear Corporation over the construction of a nuclear reprocessing facility, it added.

Hu's visit starting Thursday is expected to focus on economic issues and include a series of deals in the aerospace and environmental technology sectors.

© 2010 AFP

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