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AREVA, Fresno Nuclear Energy Group Sign MOU for Clean Energy Park Project in California

Press Release

April 28, 2010

April 28, 2010

AREVA and the Fresno Nuclear Energy Group, LLC (FNEG) today announced that they have signed a memorandum of understanding (MOU) to develop the country's most advanced Clean Energy Park near Fresno, California, including nuclear and renewable generation.

According to the MOU agreement, AREVA and FNEG will work together on the site selection and initial development of a nominal 1,600 Megawatt U.S. EPR™ reactor. The agreement also includes potential development of other AREVA energy technologies such as concentrated solar power.

"Our goal is to create a power-producing infrastructure that combines clean elec-tric energy sources, including nuclear, solar and future technologies," said John Hutson, president of FNEG. "We’ll begin with solar because that’s what’s avail-able in Western Fresno County right now."

"We look forward to helping to realize a California Clean Energy Park. This agreement with FNEG is an important step toward reaching our goal of develop-ing a fleet of U.S. EPR™ reactors, which will produce cost-effective, CO2-free electricity, spur local investment and manufacturing, and create thousands of jobs,” said Jacques Besnainou, CEO of AREVA Inc. “AREVA, which holds a complete renewable energy portfolio, is also pleased with the potential develop-ment of concentrated solar power generation as part of this Clean Energy Park.”

John Hutson added, "Our vision of a Clean Energy Park in California's Central Valley would produce large amounts of clean electricity and usable water for our state's critical agricultural industry while meeting our self-imposed commitment to reduce greenhouse gases."

FNEG and AREVA are considering dozens of promising sites in the Central San Joaquin Valley. Once a site is selected, work will begin on the solar phase of the Clean Energy Park.

Construction of the nuclear facility will create up to 11,000 direct and indirect jobs, and more than 400 permanent jobs upon completion. Additionally, the pro-ject will generate billions of dollars of regional economic investment. When com-plete, the solar and nuclear plants will produce clean, constant, reliable, carbon-free electricity for more than 1.6 million households.

Contacts

Jarret Adams
Phone: +1 (306) 343-4637
Email: jarret.adams@areva.com



Véronique Larlham
Phone: +1 (306) 343-4503
Email: veronique.larlham@areva.com