Areva and Bolognesi Participacoes sign power deal

French nuclear power company Areva and Bolognesi Participacoes, through its subsidiary Hidrotérmica, a Brazilian independent power producer, have signed a master agreement to modernise co-generation units in 10 sugarcane factories, located primarily in north-east Brazil.

Under the terms of the agreement, Areva subsidiary Areva Koblitz will supply turnkey services for the units, which will have a total output of 330MWe and will be sold to the Brazilian grid.

Bolognesi Participacoes will invest €380m (£313m) in the project.

The first unit is already under construction and the other nine will be launched during the second half of 2010.