Areva signs nuclear deals with China's CGNPC
CGNPC and Areva will create a joint venture held 55 percent by Chinese interests and 45 percent by Areva for the engineering and procurement of nuclear power plants, the French builder of nuclear reactors said in a statement.
Areva has already sold two European Pressurized Reactors (EPR) to China.
The JV will focus on CGNPC projects in China at first before looking at projects abroad.
CGNPC and Chinese sovereign wealth funds will also take a 49 percent stake in Uramin, a mining company currently wholly-owned by Areva.
Areva will remain operator of Uramin's current and future projects but CGNPC is now guaranteed access to more than half of the miner's total production, while Areva benefits from additional means of financing its activities, Areva said.
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Quebec shatters record for electricity consumption once again
MONTREAL - Hydro Quebec says it has once again set a new record for power consumption as extreme cold grips much of the province.
An extreme cold warning has been in effect across southern Quebec since Friday morning, straining the system as Quebecers juggle staying warm and working from home.
Hydro Québec recorded consumption levels reaching 40,300 megawatts as of 8 a.m. Friday, breaking a previous record of 39,000 MW that was broken during another cold snap on Jan 11.
The publicly owned utility is now asking Quebecers to reduce their electricity consumption as much as possible today and tomorrow, predicting earlier in…
