Mitsubishi Heavy Industries (MHI) has signed a memorandum of understanding (MOU) with EDF to collaborate in the civil nuclear industry, taking a minority stake in the French state-owned firm.
In 2015, EDF agreed to acquire up to 75 per cent stake in Areva’s nuclear reactor business, Areva NP, for $2.2bn. EDF, however, later announced about seeking potential partners for selling a minority stake in the unit.
EDF chairman and CEO Jean-Bernard Levy said: “With this MoU paving the way to a global and strategic agreement, EDF and MHI intend to strengthen their own long standing experiences and skills in building and operating safely nuclear generation plants.
“This opportunity will lay the foundations for a joint and successful promotion of new nuclear projects in the global market and will also benefit the entire nuclear energy industry in France and in Japan.”
MHI president Miyanaga said: “We look forward to cooperating with EDF in the civil nuclear fields comprising the development of the first ATMEA project, ATMEA 1, which will become one of the most advanced nuclear power plants in the world.”
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