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AREVA awarded 6 steam generator replacement contract in South Korea

Press release

NUCLEAR POWER / REACTORS ET SERVICES

June 16, 2009

AREVA, teaming up with Korean contractor, DAELIM Industrial Co.*, Ltd., has been awarded a contract by Korea Hydro & Nuclear Power Co., Ltd. (KHNP), South Korean nuclear power plants operator to replace the 6 steam generators on the Ulchin 1 & 2 NPPs during outages planned for 2011 and 2012.

For the purposes of this project, a consortium has been set up, jointly by AREVA and DAELIM. AREVA as Original Equipment Manufacturer will lead the consortium and perform the primary system and licensing operations in cooperation with KHNP and Korea Power Engineering Co., Inc. (KOPEC). DAELIM will implement all the secondary and local activities associated with this project.

AREVA’s best resources, practices and technologies in France, Germany and the United States will also be rolled out for the project.

The contract was awarded to AREVA after tough international competition. It confirms KHNP’s confidence in AREVA’s technology and will further strengthen the cooperation between AREVA and the South Korean nuclear industry.

AREVA is the world leader in heavy component replacement with more than 140 steam generators, 80 reactor vessel heads and two pressurizers replaced throughout the world.

* DAELIM is one of the major Korean EPC contractors actively engaging in the world construction market, especially oil & gas and petrochemical in the Middle East. In Korea, DAELIM is also participating in building new nuclear power plants in the peninsular.