World
Institutional
links
Welcome back on
26 -29 August,
ONS 2008
Bridging
the energy gap
is ONS 2006 theme,
from 22-25 August,
in Stavanger, Norway
Petroleumworld
Business
Partners:
Centre for
Global Energy
Studies
  |
Total, Suez, Areva to build two nuclear plants in Abu Dhabi
PARIS
Petroleumworld.com, Jan 15, 2008French nuclear giant Areva, oil company Total and utility group Suez have reached agreement on plans to build two next generation nuclear power plants in Abu Dhabi, Total said Monday.
A Total spokeswoman said the two plants would be based on the third-generation system developed by Areva, the world's largest nuclear power group.
A statement on the deal is due shortly, the spokeswoman added.
French President Nicolas Sarkozy on Sunday started a three-nation tour of Gulf Arab states, having offered to share France's expertise in civilian nuclear technology with the Islamic world.
During a stop in Abu Dhabi on Tuesday, France and the United Arab Emirates are to sign a framework accord for cooperation in developing civilian nuclear energy, a source close to talks between the two governments said earlier.
Amid concerns over Iran's nuclear ambitions and growing regional clout, the six Arab monarchies of the Gulf decided in December 2006 to develop a joint nuclear technology programme for peaceful uses.
On the bourse Monday, Areva was up 0.78 percent at 708 euros while Total added 1.21 percent to 57.72 euros, helped by news of the deal on an otherwise flat market.
Suez, however, was down 2.24 percent to 45.37 euros, hit by news of a large sale of the company's stock.
Story from AFP
AFP 14 1050 GMT 01 08Copyright© 2007 Petroleumworld. All rights reserved.
Your feedback is important to us!
We invite all our readers to share with us
their views and comments about this article.Write to editor@petroleumworld.com
Any question or suggestions, please write to:
editor@petroleumworld.com
Best Viewed with IE 5.01+
Windows NT 4.0, '95, '98 and ME +/ 800x600 pixels