Tuesday, June 19, 2007

Areva Wins $1.3 Billion 20-Year Uranium-Enrichment Contract in South Korea

(Bloomberg) -- Areva SA, the world's largest maker
of nuclear plants, said it won a long-term uranium-enrichment
contract with Korea Hydro & Nuclear Power Co. valued at more than
1 billion euros ($1.34 billion).

The agreement will enable KHNP to ``secure its nuclear fuel
supply at a competitive price'' and Areva to ``develop stable and
long term partnerships with major utilities,'' Paris-based Areva
said in an e-mailed statement.


Read more at Bloomberg Energy News

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