Areva to Sign Nuclear, Solar Deals With Saudi Binladin

Areva SA and the Saudi Binladin Group will sign a partnership agreement tonight in the nuclear and solar power industries, the French company’s Chief Executive Officer Anne Lauvergeon said today in Riyadh.

“We are in a major energy evolution in the region,” Lauvergeon told a conference in the Saudi Arabian capital. “In the past, it was oil and gas, and that was it. Now it’s oil, gas, renewables, and nuclear. We are very excited about this evolution, and we would like to be a long-term partner of these developments.”