Areva Gets Part Of $2.5B Yucca Mountain Contract In US

PARIS (Dow Jones)--French nuclear group Areva SA (CEI.FR) said Friday it has been awarded part of a $2.5 billion, five-year contract from the U.S. Department of Energy to manage a used nuclear fuel repository project at Yucca Mountain in Nevada.
The contract was granted to USA Repository Services, a subsidiary of URS Corp. (URS), and includes Areva and Shaw Group Inc. (SGR), Areva said in a statement.
The contract could be renewed for five additional years, the company added. Areva will work on the design of the surface facility and the license application for the Nuclear Regulatory Commission.
Company Web site: www.areva.com
By Mimosa Spencer, Dow Jones Newswires; +33 1 40 17 17 73; mimosa.spencer@dowjones.com