France and Kazakhstan sign deal on nuclear fuel plant

Nov 04, 2011 12:00 AM

French Industry and Energy Minister Eric Besson signed a deal with the government of Kazakhstan that will see France's Areva open a nuclear fuel plant with Kazakh firm Kazatomprom, his office said.
"This deal commits to the creation in Kazakhstan, the top global producer of uranium, of a nuclear fuel production plant dedicated to the Asian market," a statement said.

"The construction of this plant could start as soon as the feasibility study is completed by the end of the first quarter of 2012," it added.
Areva said the plant would consist of a new production line at Kazakhstan's ULBA metallurgical plant that will be 51 % owned by Kazatomprom and 49 % by Areva.

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