Areva Says US Loan Plan to Create 'Enormous' Nuclear Market BusinessWeek
By Katarzyna Klimasinska
Feb. 18 (Bloomberg) -- Areva SA, the creation’s biggest reactor builder, said the successful execution of the U.S. nuclear-loan stand behind program and the ability of companies to deliver on time and on cost will lead to an “enormous” call.
Southern Co. and its partners received $8.33 billion of federal conditional loan guarantees earlier this week to body the first nuclear reactors in the U.S. in three decades. Jacques Besnainou, chief executive officer of Areva’s U.S. segment, is in the process of licensing its EPR nuclear-generator design, which is also a candidate for U.S. financial support.
“For me, they are not competitors, we are competi-mates,” Besnainou said about atomic-plant builders in an interview in Bethesda, Maryland, yesterday. “What Wall Street needs to see, and Electric cable Street as well, is that we are able to build on time, on budget.”

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