August 5, 2008

Areva Awarded $200 Million Fuel Assembly Supply Contract By Taipower

French nuclear engineering major Areva has signed a $200 million contract with Taiwan Power Company to supply boiling water reactor fuel assemblies for each of the two units at the Chinshan and Kuosheng nuclear power plants in Taiwan. The award is the conclusion of an invitation to bid launched in June 2007.

The scope of work includes five firm reload batches and three optional reload batches for each unit. Areva will provide core monitoring system assistance in addition to fabrication services, reload fuel design, licensing analysis and operation support.

In response to the bid specification requirements, Areva has offered a fuel design based on the Atrium-10A model it is currently supplying to Taiwan Power Company (Taipower), with its latest generation Atrium-10XM as an optional design for the future.

Jean-Pierre Gros, senior vice president of Areva's fuel business unit, said: "Such a long-term contract spanning more than 12 years reinforces our strong relationship and co-operation with Taipower. As the current supplier for these two nuclear power plants, this is a sign of recognition of which we are very proud."