MHI confirms investment into France’s Framatome

Mitsubishi Heavy industries limited proclaims investing into France’s Framatome that is into manufacturing nuclear power plant equipment and systems having being renamed from New NP thus accounting for a 19.5% equity stake in Framatome. The investment aims to deliver advanced technologies for generation of nuclear power. Framatome exemplifies expertise in design and manufacture of NPP equipment, plant construction, and fuel supply. It will also embark on further sales promotion. Reorganization of STMEA is also on the agenda that was created as a joint venture between MHI and AREVA NP ensuring the development of next-generation ATMEA 1 reactor strengthening cooperative ties between France and Japan’s nuclear power industries. Through this deal, MHI will endorse the development of global markets for a broad range of nuclear power generation-related technologies. In this way, MHI will contribute to the formation of a worldwide structure enabling stable acquisition and supply of low-emissions energy.

MHI President and CEO Shunichi Miyanaga stated “MHI has been a key player in cooperation between Japan and France in the development of nuclear power generation technologies for many years. With the completion of our investment into Framatome, a new structure has been created that will further strengthen the ties between our nuclear energy industries, and I am confident this new relationship will enable the further improvement in technologies to ensure the long-term sustainability and reliability of nuclear energy.”

Image Source: Framatome