Chinese contractors buy Western equipment

摘要

News of China's nuclear spending plans emerged in November as many deals were announced.rnAreva CEO Anne Lauvergeon and He Yu, chairman of China Guangdong Nuclear Power Corp, signed a contract worth 3.5 billion dollars for the supply of 20,000 tons of uranium over 10 years.rnIn addition, AREVA and China National Nuclear Corporation (CNNC) launched a 50/50 joint venture, CAST (CNNC AREVA Shanghai Tubing Co.), that will produce and market zirconium tubes for the fabrication of fuel assemblies. Located in Shanghai, the plant will start operation at the end of 2012.