AREVA Awarded Significant Nuclear Fuel Contract by Dominion
December 18, 2013 (Source: WSJ) — AREVA (Paris:AREVA) has won a $73 million nuclear fuel contract with the U.S. utility Dominion for Unit 2 at its Millstone Power Station in Waterford (Connecticut). AREVA, which currently supplies fuel to Millstone 2, will provide fuel to the plant through 2035, when the operating license expires.
In addition to the fuel fabrication, the scope of work also includes studies and engineering services.
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“The AREVA design has operated well in the Millstone Unit 2 core and helped us achieve our fuel performance goals,” said Kerry Basehore, director Nuclear Analysis and Fuel, Dominion.
“With this contract, we will offer stability for Dominion in terms of pricing for decades into the future. This security of supply is invaluable to utility companies, and it was made possible through the reliability of our products,” said Markus Birkhofer, executive vice-president of AREVA’s fuel activities.
MORE ABOUT AREVA
AREVA supplies advanced technology solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and operating services. The group is actively developing its activities in renewable energies — wind, bioenergy, solar and energy storage — to become a European leader in this sector.
With these two major offers, AREVA’s 46,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>