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India, Areva Sign 7 Billion-Euro Contract for Nuclear Reactors

France and India signed a preliminary contract for nuclear reactors and services worth about 7 billion euros ($9.3 billion), Areva SA Chief Executive Officer Anne Lauvergeon told reporters in New Delhi today.

Areva and state-owned Nuclear Power Corp. of India Ltd. signed agreements for the construction of two reactors, the first of a series of six at Jaitapur in western India, the French nuclear company said in a statement today. The deals include fuel supply for 25 years, the Paris-based company said.