SOURCE: Industrial Info Resources

Industrial Info Resources

December 20, 2009 23:00 ET

France Pumps 1 Billion Euros Into Nuclear Research, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - December 20, 2009) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The French government has pledged 1 billion euros to fund next-generation nuclear development. The announcement was made by French President Nicolas Sarkozy this week as part of a 35 billion euro stimulus package designed to rejuvenate the French production market. France is keen to remain at the forefront of nuclear power development amid increased competition for global contracts from U.S., Russian, Japanese and South Korean reactor builders. The government is also actively looking for foreign energy companies to invest in new French power plants, a move that could finally open the closed French power market.

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