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EDF and Enel in a nuclear venture

EDF and Enel confirmed the signing of two industrial agreements on the development of nuclear energy, following the previous agreement in Nice in November 2007.

The first agreement aims to set up a 50/50 venture to look into the feasibility of developing four nuclear reactors based on EPR technology in Italy. The agreement will therefore enable EDF to participate in the nuclear programme that Enel is expecting to develop in Italy, although at this stage construction is still dependent on changes in the legislative and regulatory framework and on the technological choices.

A second agreement also plans to extend Enel's participation in the French new nuclear programme in particular in the construction and operation of the second French EPR reactor to be built in Penly by EDF and brought into service in 2017. Enel already has a 12.5% interest in the first EPR under construction in Flamanville.