CNNC considers stake in Areva

Nuclear plant operator China National Nuclear Corp said on Tuesday that it was considering taking a minority stake in French nuclear group Areva SA.

CNNC said it has already inked an agreement with Areva that will cover the entire cycle of nuclear fuel activities, including uranium mining, front end, recycling, logistics, decommissioning and dismantling.

In addition, the Chinese company may work too with French state-controlled power utility Electricite de France SA to expand exports of mid-to-large nuclear reactors in the global market.