Areva, the leading power plant manufacturer in France is set to expand its nuclear industry activities in the global arena. The company plans to expand its presence in the nuclear power sector by pumping in more financial resources for investment in the coming years. The company plans to obtain financial support by selling off its 15% stake to some of the corporate shareholders. At least 11 upcoming nuclear reactors in Europe will be Areva’s new model. There are also many more potential markets for the company’s revolutionary reactor design EPR. This will enable the company to get hold of global nuclear contracts worth more than $ 1 Trillion in the coming years.
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