AREVA and MHI Expand Collaboration to Fuel; French Prime Minister Says Japan and France Must Lead Global Nuclear Use
France-based AREVA, the world leading group in the nuclear energy field, and Japan’s Mitsubishi Heavy Industries, Ltd. (MHI), a major player in global nuclear industry, are expanding their cooperation to the nuclear fuel business.
The two companies have signed a memorandum of understanding to contemplate the establishment of a joint business organization for supply of PWR, BWR, MOX and Gas Reactor fuels. The implementation of this formation is expected by the end of this year.
The scope of this cooperation agreement will focus on the Japanese market. According to the MOU, both parties will discuss MHI’s potential investment in AREVA’s US nuclear fuel fabrication facility.
They noted also that joint development work of their new reactor, ATMEA 1, has made good progress targeting the completion of its basic design by the end of 2009, that design review by third parties is planned and that customer visits have already been started by ATMEA.
AREVA and MHI have also decided to work jointly on the South African tender for which AREVA proposed two EPRs, extending the manufacturing cooperation initiated for the Finnish Olkiluoto 3 EPR.
Separately, French Prime Minister Francois Fillon said Japan and France must spearhead the use of nuclear energy globally. He made the remark during a visit to visited a reprocessing facility for spent nuclear fuel in the village of Rokkasho in Aomori Prefecture.