New agreement signed to advance Areva reprocessing project in China

Representatives of Areva and the China National Nuclear Corporation (CNNC) signed an agreement "related to the pursuit of the used fuel treatment and recycling facility project, the subject of a letter of intention signed in April 2013." In the April 2013 letter of intention France and China agreed to start a project that will include construction of a reprocessing facility and a MOX fuel fabrication plant in China. According to the press release, "the industrial negotiations for this project are advancing" and "the negotiations will be entering the commercial phase."