China, Italy in nuclear power deal
The memorandum confirms the intentions of the China General Nuclear Power Group (CGN) and Sogin, a state-owned Italian company that specializes in environmental remediation of nuclear sites and radioactive waste, to cooperate on a series of projects.
"The memorandum will allow both companies to have profound cooperation, particularly in the decommissioning of nuclear facilities and the management of radioactive waste," according to a CGN statement.
The move is in line with the Chinese government's policy to encourage domestic companies in the nuclear power industry to "go outside" and enhance international cooperation. ■