Nuclear Firm Working With Chinese Military Companies Pushes for $900 Million US Uranium Contract On its face, Orano Federal Services, a North Carolina-based nuclear fuel cycle company, is a plausible partner for a $900 million Department of Energy contract to produce uranium for America's nuclear plants. But the firm's parent company, the French majority state-owned Orano Group, works with two Chinese military companies to boost Beijing's nuclear power industry, something experts and industry officials warn should disqualify the firm from receiving U.S. taxpayer dollars.
According to Orano, the company has a long-standing uranium supply and technology transfer partnership with the China General Nuclear Power Corporation as well as a number of active contracts with the China National Nuclear Corporation, both of which are state-run entities the Pentagon classifies as Chinese military companies. "Orano is supporting durably the development of the Chinese nuclear industry," the company touts.
Earlier this month, the French government signed an agreement with China to further cooperate on "nuclear fuel supply, nuclear equipment manufacturing, and the security of uranium resources." That agreement will almost certainly leverage Orano, in which France owns a 90-percent stake............
https://freebeacon.com/energy/nuclear-firm-working-with-chinese-military-companies-pushes-for-900-million-us-uranium-contract/
