Friday, October 19, 2007

Areva sees nuclear deal signed with China in Nov

Areva (CEPFi.PA: Quote, Profile , Research) expects nuclear reactors deals to be signed during the state visit of French President Nicolas Sarkozy to China at the end of November, the head of the French nuclear reactor group said on Thursday.

"China is a very important country for us.. We have negotiated agreements that are very interesting and we are waiting for the official signing," Chief Executive Anne Lauvergeon told the Senate television channel after being heard by a parliamentary panel on defence and national security.

French daily newspaper Les Echos reported on Wednesday that Areva's contract to supply two EPR nuclear plants to China was expected to be finalised at the end of November.

The contract is estimated to be worth around 5 billion euros ($7.13 billion).

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