Kuwait set to hold nuclear talks with French firm

OPEC member will meet with Areva over next few days - French minister.
Kuwait set to hold nuclear talks with French firm
By Rania El Gamal
Sun 21 Jun 2009 04:17 PM

OPEC member Kuwait will hold nuclear power talks with France's Areva sometime over the next few days, the economy minister of the European country said on Sunday.

Speaking after a meeting with Kuwait's ruler Emir Sheikh Sabah al-Ahmad al-Sabah, French Economy Minister Christine Lagarde said the two sides discussed capital partnerships between French firms and the Kuwaiti government in the field of nuclear energy for civilian use.

"Civil nuclear power ... will be further developed with meetings due to be held in the coming days between Areva and the Kuwaiti authorities," Lagarde told reporters at Kuwait City during a short visit.

"We hope to make significant progress shortly," she said, adding that no nuclear power agreement had been signed during her visit.

In March, Deputy Prime Minister and Minister of Defence Sheikh Jaber Moubarak Al-Hamad Al-Sabah said Kuwait will cooperate with France in the field of nuclear power, hinting it could take a stake in the nuclear group Areva.

In February, Sheikh Sabah told daily newspaper al-Watan, Kuwait was considering developing nuclear power with the help of a French company to meet demand for electricity and water desalination.

Areva is majority-owned by the French government. (Reuters)

For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.