Namibia Pursues Nuclear Energy Dreams With France's Areva

11 February 2012

Oil Price.com  | February 11, 2012

Namibia, the fourth biggest uranium producer in the world, first floated the idea of acquiring a nuclear power plant of its own four years ago. Rio Tinto and Australian miner Paladin Energy currently produce Namibia’s uranium.

French state-owned Areva's Trekkopje project in 2010 received its Export Processing Zone (EPZ) license for a period of five years after Areva reportedly agreed to develop a feasibility study on generating nuclear power in Namibia. Namibia's nuclear ambitions purportedly enjoy the full support of President Hifikepunye Pohamba.

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