Within the framework of French President Emmanuel Macron's visit to China in the company of a business delegation, Framatome's CEO Bernard Fontana signed a protocol for the development of a global strategic cooperation with CNNC's Chairman Wang Shoujun. This protocol is to set up basis for future strategy and long-term cooperation between the two companies.

Under the terms of this protocol, Framatome and CNNC plan notably on extending their cooperation in nuclear fuel design, engineering and services; enhancing their collaboration on digital instrumentation and control for nuclear power plants and increasing their cooperation in maintenance, safety and operation upgrades for in-service nuclear power plants.

The cooperation protocol actions will be materialized through a joint working group between Framatome and CNNC.

In parallel, a major 10 year contract renewal was signed between Framatome and CNEIC (a subsidiary of CNNC) in the field of Fuel components. Framatome has been providing Fuel components to China for 20 years based on its supply chain in France and China.

According to Framatome's CEO Bernard Fontana, "the cooperation protocol and the major nuclear Fuel contract renewal signed with our historical Chinese partner represent yet another evidence of the quality commercial and technological relations with CNNC.

They confirm Framatome's international development ambition in China, where 37 nuclear power plants are operating and 20 others are under construction."

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Struggling Westinghouse Electric sold to Brookfield for $4.6 bn
New York (AFP) Jan 4, 2018
Financially-troubled Westinghouse Electric announced Thursday it agreed to be sold to Brookfield Business Partners for $4.6 billion, pending approval by a US bankruptcy court. Westinghouse, owned by Japan's Toshiba since 2006, has faced deep losses due to its stalled nuclear business, including cancelled plants in South Carolina. As a result, the company filed for bankruptcy protection in Ma ... read more

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