French Industry and Energy Minister Eric Besson signed a deal with the government of Kazakhstan Friday that will see France's Areva SA (AREVA.FR) open a nuclear fuel plant with Kazakh firm Kazatomprom, his office said.
French Industry and Energy Minister Eric Besson signed a deal with the
government of
Kazakhstan
Friday that will see
France
's Areva
SA (AREVA.FR) 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 said.
Besson was on a visit Friday and Saturday to
Kazakhstan
.
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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