AREVA Selected by Major U.S. Utility for $100 million Investment in Nuclear Power Generation

Regulatory News:

AREVA (Paris:AREVA) has signed a series of contracts to provide nuclear fuel fabrication, outage services and used fuel management solutions to a major U.S. nuclear utility. These contracts represent an investment of more than $100 million by the utility to optimize the competitiveness of their power generation operation while meeting the ever-increasing safety requirements of the nuclear industry. These contracts span AREVA’s vast portfolio of energy solutions for the entire nuclear cycle.

"Building on AREVA’s commitment to operational excellence and innovation, we are continually improving to be better aligned with customers, particularly for safe operations and on-time delivery,” said Gary Mignogna, president and CEO of AREVA Inc. "This significant, long-term business commitment with a major utility will provide a substantial amount of work for AREVA’s workforce and facilities.”

MORE ABOUT AREVA
AREVA is a world leader in nuclear power. The group’s offer to utilities covers every stage of the nuclear fuel cycle, reactor design and construction, and operating services. Its expertise and uncompromising dedication to safety make it a leading industry player.
AREVA also invests in renewable energies to develop, via partnerships, high technology solutions.
Through the complementary nature of nuclear and renewables, AREVA’s 45,000 employees contribute to building tomorrow’s energy model: supplying the greatest number of people with energy that is safer and with less CO₂.

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