Areva continues negotiations to build reprocessing plant in China

On June 30, 2015 Areva and China's CNNC signed a memorandum of understanding regarding potential supply of a spent fuel reprocessing facility to China. According to Areva's press-release,

A memorandum of understanding (MoU) with CNNC [is] marking a new step forward in the Chinese project for a used fuel processing and recycling facility. The MoU formalizes the end of technical discussions, defines the schedule for commercial negotiations and confirms the willingness of both groups to finalize the negotiations in the shortest possible timeframe.

Previous agreement of this kind was concluded in March 2014 and the initial letter of intent was signed in April 2013