Areva and Iberdrola Win Maintenance Contract for Angra I and Angra II Nuclear Power Plants

CORDOBA, ARGENTINA--June 23, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Brazil's government-controlled nuclear-power company Eletronuclear (Rio de Janeiro, Brazil) has recently accepted bids for maintenance services for the 657-megawatt (MW) Angra I and 1,350-MW Angra II Nuclear Power Plants. Areva S.A. (EPA:CEI) (Paris, France) won six of these maintenance contracts, while the Spanish power company Iberdrola S.A. (MCE:IBE) (Bilbao, Spain) won one maintenance contract. The contract between Areva and Eletronuclear is worth over $70 million and is expected to last three to five years.