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China, France sign nuclear deal during Hollande trip
April 26, 2013, 7:17 am


Chinese President Xi Jinping (right) and French President Francois Hollande in Beijing [Xinhua]

China and France have inked agreements on research and development of advanced reactors, nuclear fuel sharing, and operation and upgrading of nuclear power stations.

Chinese President Xi Jinping and French President Francois Hollande, who is on a state visit to Beijing, witnessed the signing of the agreements.

France derives over 75 per cent of its electricity from nuclear energy.

Nuclear cooperation between the two sides dates back to some 30 years ago, when the two sides began to jointly build the Daya Bay Nuclear Power Station in Shenzhen.

Electricite De France (EDF) announced that it will bring in investment into China’s massive development of nuclear power capacity and provide technical support.

“We shall set our roots in the Chinese nuclear power market through joint operations, and this is unprecedented (for EDF),” Herve Machenaud, executive vice president of EDF said.

Besides China Guangdong Nuclear Power Group (CGNPG), EDF has also signed cooperation agreements with several major electricity suppliers in China.

“A comprehensive and diversified cooperation with Chinese enterprises will consolidate our position as a priority partner,” Machenaud said.

Meanwhile, the cooperation will help EDF make breakthroughs in its business in China, Asia as well as other markets, he added.

“The signing of these new agreements on nuclear power will lay a solid foundation for enterprises from both countries to build deeper and more sustainable cooperation in the sector,” Machenaud said.

With inputs from Agencies