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China Builds French Reactor for 40% Less, Areva Says

Areva SA said the EPR nuclear reactor costs 3 billion euros ($4 billion) to build in China, 40 percent less than the price tag Electricite de France SA has put on building one in Normandy.

Chinese nuclear builders’ grasp of the technology is “very worrying” for European companies, Areva Chief Executive Officer Anne Lauvergeon told a hearing at the French Senate today in Paris. She also said Chinese companies are more efficient.