Fluor, CNNC sign MOU for nuclear, renewable opportunities

Fluor Corp.’s (NYSE: FLR) Executive Vice President of Business Development and Strategy, Dave Dunning, and China National Nuclear Corp.’s (CNNC) President, Qian Zhimin, signed a memorandum of understanding (MOU) to cooperate on nuclear and renewable energy opportunities in Europe and China.

“We are excited to cooperate with CNNC on potential nuclear and renewable opportunities,” said Dunning. “Our clients will benefit from Fluor’s cost-effective, safe and secure solutions that result from decades of experience on nuclear decommissioning efforts and commercial nuclear new-build projects.”

The two companies will work together on a broad range of civil nuclear-related opportunities in the U.K., Germany and China. The MOU also covers work in the renewable energy market.

“CNNC is the major investor in the nuclear power stations in operation and under construction in China. It is also the main R&D organization of nuclear technologies, the most important engineering and construction contractor of nuclear power stations and supplier of nuclear fuel,” said Qian. “CNNC will work with Fluor to explore the full range of cooperation in Europe and China based upon the principles of mutual benefits, win-win and complementary of each other’s strengths.”