Finnish Fortum and AINS Group have signed a Memorandum of Understanding about safe management of radioactive waste in China.
Energy company Fortum and consulting engineering company AINS Group have signed a Memorandum of Understanding (MoU) to provide extensive joint Finnish services to safe management of low and intermediate level radioactive waste in China.
A memorandum of understanding (MoU) is a nonbinding agreement between two parties that outlines the terms and details of an understanding, including each parties’ requirements and responsibilities.
The agreement also enhances the cooperation between other Finnish companies and organizations such as VTT and Posiva Solutions.
The Chinese nuclear industry is rapidly expanding with new build activity to reach 20 new reactors by 2020 adding to the existing fleet of 38 reactors.
Fortum is a forerunner in nuclear waste management by being one of the first in the world running the underground disposal facility for low and intermediate radioactive waste since 1990’s. AINS Group has designed nuclear facilities since the 1970’s.