AREVA Signs a Series of Strategic Agreements with Its Chinese Partners

  AREVA Signs a Series of Strategic Agreements with Its Chinese Partners

Business Wire

PARIS -- April 25, 2013

Regulatory News:

On April 25, 2013 in the presence of Chinese President Xi Jinping and French
President François Hollande in Beijing, Luc Oursel, President and CEO of AREVA
(Paris:AREVA), signed a series of key agreements with the companies CNNC and
CGNPC for the development of the Franco-Chinese strategic civil nuclear
partnership.

• Sun Qin, Chairman of CNNC (China National Nuclear Corporation), and Luc
Oursel, signed a letter of intent to build a used fuel treatment and recycling
facility in China.
This agreement is a decisive milestone in the negotiations as part of the
signature of a future contract for the sale of the facility. The agreement
covers the technical specifications and the project organization as well as
the responsibilities and scope of work for each partner.
The future facility would process used nuclear fuel from Chinese power plants
in order to recover the reusable materials and recycle them as fuel. The
facility would have a capacity to treat 800 metric tons of used fuel per year.

This facility would integrate the most advanced recycling technologies and
present the best guarantees in terms of safety, security, and for the
environment.
This letter of intention marks China's recognition of AREVA’s technological
advancements in the back end of the fuel cycle. On the global nuclear market,
China confirms the economic and environmental viability of the strategy to
process and recycle used nuclear fuel.

• He Yu, Chairman of China Guangdong Nuclear Power Holding Co. (CGNPC), Henri
Proglio, Chief Executive Officer of Electricité de France (EDF), and Luc
Oursel have signed a tripartite agreement fostering deeper industrial and
commercial cooperation among the three groups.

According to the terms of this agreement, CGNPC, AREVA and EDF reaffirm their
willingness to successfully complete the construction of the first two
reactors in Taishan, and to carry out a successful start of their commercial
operation. This will also set the stage for an effective development of future
reactors. In this perspective, AREVA and CGNPC will shortly analyze the return
on experience gained from the construction of Taishan 1 & 2 units.

This cooperation also foresees EDF and AREVA contribution, in their respective
field of expertise, to the improvement of safety, maintenance and performance
of CGNPC’s reactors in operation, and to the evolution of its fleet. Within
this framework, the three partners will benefit together from their respective
nuclear industrial experiences and will consider cooperation in future
international projects.

• Additionally, the two presidents of AREVA and CNCC confirmed the advancement
in their discussions on the potential equity interest acquisition of CNCC in
the AREVA subsidiary that holds a 66.65% stake in the Imouraren mine in Niger.

Luc Oursel declared: "AREVA and its partners have signed today major
agreements for the future of AREVA and the future of the strategic partnership
between France and China in the nuclear sector. These agreements, covering the
front end and the back end of the nuclear fuel cycle, as well as nuclear
reactors, confirm the relevance of AREVA's overall strategy in China."

MORE ABOUT AREVA
AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The Group is also expanding its
operations to renewable energies – wind, solar, bioenergy, energy storage – to
be one of the leaders in this sector worldwide.
With these two major offers, AREVA’s 47,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

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– Fax: +33 (0)1 34 96 00 01

Contact:

AREVA
Investors Relations
Marie de Scorbiac, T: +33 (0)1 34 96 05 97
marie.descorbiac@areva.com
or
Philippine du Repaire, T: +33 (0)1 34 96 11 51
philippine.durepaire@areva.com
or
Press Office
Julien Duperray
Katherine Berezowskyj
Jérôme Rosso
Alexandre Thébault
T: +33 (0)1 34 96 12 15
F: +33 (0)1 34 96 16 54
press@areva.com
 
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