Italy's Enel Expected to Acquire 12.5% Stake in France's Second European Pressurized Reactor to Be Built in Penly

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Researched by Industrial Info Resources (Sugar Land, Texas)--After French authorities announced in January 2009 that the second European pressurized reactor in the country would be built in Penly, it is expected that the Italian utility Enel SpA (BIT:ENEL) (Rome) could participate in the project with a 12.5% stake. For more information, view related February 11, 2009, news article - France to Increase Nuclear Power Capacity with Construction of Second European Pressurized Reactor in Penly.

An announcement is expected to be made after the summit between the two countries today in Rome. The agenda of the meeting includes various stages of civil nuclear cooperation, such as research and development activities, as well as nuclear waste treatment and the dismantling of closed French reactors.

This bilateral French-Italian cooperation is part of Italian authorities' plans, as announced in 2008, to relaunch nuclear electricity production in the country. This would include the commissioning of up to eight third-generation nuclear power stations starting in 2020 and open up a billion-dollar market for French nuclear companies, such as Electricite de France (EPA:EDF) (Paris), Areva (EPA:CEI) (Paris) and GDF Suez SA (EPA:GSZ) (Paris).

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