Paris/Tokyo, June 28, 2016 – Mitsubishi Heavy Industries, Ltd. (MHI) and EDF, a leading French utility, have agreed a significant step to forge a strategic and global collaborative relationship in the civil nuclear power fields.
A memorandum of understanding (MOU) was signed at the World Nuclear Exhibition (Paris) by the top representatives of the two companies: Shunichi Miyanaga, President & CEO of MHI, and Jean-Bernard Levy, Chairman & CEO of EDF.
The agreement signed today is a strategic move to strengthen the links between the French and Japanese nuclear power industries, recognizing the strategic interest to combine in certain fields of civil nuclear energy the strengths of EDF and MHI. Specifically, EDF and MHI intend to enhance their strategic cooperation by establishing general objectives and principles related to:
an updated cooperation framework regarding the ATMEA joint venture, including the involvement of EDF in ATMEA’s business operations,
with mutual support to be brought for the smooth execution of ATMEA1 projects, in particular in Turkey and Vietnam,
the potential participation of MHI as a partner in the French nuclear landscape reorganization with the acquisition of a minority equity interest in AREVA NP,
potential broader range of collaborative ties leveraging the respective technologies and special expertise in the global market.
EDF is the world’s largest operator of nuclear power plants (NPP) benefiting from a broad experience in project development and international cooperation, and has outstanding expertise in the field of the 'nuclear industry' and has been developing nuclear power plants in France and abroad on the basis of the EDF group’s integrated organization, engineering skills and lessons learned. The company has constructed and operates 58 NPPs in France and operates 15 NPPs in the UK. Abroad EDF is also playing a leading role in various new nuclear projects.