Russia and Japan form nuclear alliance


Paris is in shock: nuclear giants Atomenergoprom and Toshiba have decided to form an alliance in civilian nuclear power operations, including power plant construction and fuel production.

The two companies signed a framework agreement last week, under which the Russian company will enrich uranium produced in Kazakhstan, while Toshiba will produce nuclear fuel and undertake the designing and engineering of nuclear power plants.

The firms may establish a strategic partnership in the future, Toshiba said. By securing a stable supply of nuclear fuel through the alliance with Atomenergoprom, Toshiba hopes to sharpen its competitive edge.

Experts predict that the alliance will become the world's leader in the nuclear sector.

Previously, the market was divided between four players: the French-German alliance of Areva and Siemens, two American-Japanese groups, Toshiba-Westinghouse and GE-Hitachi, and Russia's Atomenergoprom.

The Russian-Japanese alliance will cut the number of players to three. Moreover, Toshiba now owns a 70% stake in Westinghouse.
Btw, the Uk has big plans to develop nuclear sector. There is a Japanese firm that could help.
Might explain why Sarkozy was so damnably ingratiating this week. The thought that all those billions sterling might head east might just humble even a Frenchman. Anybody see if his fingers were crossed?

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