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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Areva    AREVA   FR0011027143

AREVA

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Areva : New AREVA and CNNC acknowledge the substantial progress made in the negociation of the contract for the Chinese commercial used fuel treatment-recycling plant project

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01/09/2018 | 08:59am EST

January 09, 2018

New AREVA and its Chinese partner China National Nuclear Corporation (CNNC) signed today in Beijing, in the presence of the President of the People's Republic of China, Mr. Xi Jinping, and the President of the French Republic, Mr. Emmanuel Macron, a memorandum of commercial agreement for the Chinese commercial used fuel treatment-recycling plant project.

Through this memorandum, New AREVA and CNNC reaffirm their mutual commitment to complete the negotiations of the contract for the Chinese commercial used fuel treatment-recycling plant project at the soonest, to launch the project in 2018, and acknowledge the substantial progress made in the negotiation during the past few months.

The Chinese treatment-recycling plant (800 tons capacity) will be built on the model of the La Hague and Melox plants recognized for their proven technologies, highest standards of safety and security, and industrial performance.

Philippe Knoche, Chief Executive Officer of New AREVA, commented: 'CNNC and New AREVA have stepped up their efforts to reach agreement on the contract and we are seeing today very positive results. I am looking forward to finalizing the negotiations soon, and starting the implementation of this landmark project with our partner CNNC in 2018.'

Areva SA published this content on 09 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2018 13:59:04 UTC.

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