AREVA, Mitsubishi Heavy Industries Reach Nuclear Energy Agreement

Companies will develop a 3rd-generation, 1,000 MW nuclear power plant.

AREVA, a major business group in the nuclear energy field, and Mitsubishi Heavy Industries will collaborate for nuclear energy, according to a memorandum of understanding signed Thursday by Anne Lauvergeon, AREVA CEO, and Kazuo Tsukuda, MHI president.

The two companies have agreed to develop a 3rd-generation 1,000 MW nuclear power plant. Other possible fields of cooperation under the agreement include procurement, services, fuel cycle and new types of reactors.

AREVA has manufacturing facilities in 40 countries and offers technological solutions for carbon dioxide-free power generation and electricity transmission and distribution.

Tokyo-based Mitsubishi Heavy Industries is a leading heavy machinery manufacturer. Its product lineup covers shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air conditioning systems.

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