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Namibia Water In Talks to Buy Stake in Areva Desalination Plant

March 4 (Bloomberg) -- Namibia Water Corp. is in talks with Areva SA to buy an undisclosed stake in the Paris-based nuclear power company’s water desalination plant in the southern African country, spokesman Tommi Numbala said by phone.

The facility, which can pump 20 million cubic meters (5.28 billion gallons) a year, was supposed to supply the planned Trekkopje uranium mine that has since been mothballed.

Areva, which shelved the Trekkopje project in 2012 after prices of the nuclear fuel slumped, has been stymied in its plan to supply desalinated water to uranium mines run by Paladin Energy Ltd., Rio Tinto Plc and China Guangdong Nuclear Power by the absence of a bulk supply agreement with Namwater.

Link to Company News:{PDN AU <Equity> CN <GO>} Link to Company News:{RIO LN <Equity> CN <GO>} Link to Company News:{AREVA FP <Equity> CN <GO>} Link to Company News:{2754174Z NW <Equity> CN <GO>}

To contact the reporter on this story: Felix Njini at fnjini@bloomberg.net

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net

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