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EDF And Guangdong Power Firm To Build Two Reactors

Updated on Aug 12, 2008 – SCMP

Electricite de France, Europe’s biggest power producer, has signed a final agreement with China Guangdong Nuclear Power Holding to form a joint venture that will build and operate two nuclear power reactors. EDF would take a 30 per cent stake in Guangdong Taishan Nuclear Power Joint Venture, the French company said yesterday. EDF and Guangdong Nuclear plan to build two European pressurised water reactors in Guangdong, according to the statement.

Areva, the world’s biggest maker of nuclear reactors, and Alstom had signed contracts with Guangdong Nuclear to supply nuclear equipment and turbines, EDF said. The first reactor would start operating at the end of 2013 and the second in 2015, it said. Bloomberg

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