French nuclear company New Areva pins hopes on reopening of Japanese reactors

CEO concerned over weak profit margins from low uranium prices

20171124_Takahama_nuclear_plant1

The No. 3 and No. 4 reactors at Kansai Electric's Takahama nuclear plant use MOX fuel.

TALLULAH LUTKIN and TOGO SHIRAISHI, Nikkei staff writers

PARIS -- The head of French nuclear company New Areva has welcomed the reopening of Japanese nuclear reactors following the Fukushima disaster and hopes more will soon follow.

Chief Executive Philippe Knoche said the reopenings are good for New Areva's business, as well as for Japan's energy independence. He also said the company's profit margin may drop in the short term due to a decline in uranium prices.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.