Engineering firm Areva NP will spend $25 million to expand its U.S. headquarters in Lynchburg, creating 500 new jobs.
Under the plan, the company will increase its nuclear and engineering staff to support future orders for nuclear reactors following a renewed interest in nuclear power. The company specifically cited work on its Evolutionary Pressurized Reactor, or EPR, which has been sent to the Nuclear Regulatory Commission for design review.
Areva expects that the EPR will come online by 2015 and said it will need 5 million hours of engineering work to complete its detailed design.
“This expansion will provide much of the space we need to accommodate our growth,” AREVA NP CEO Thomas Christopher said in a statement. “Lynchburg, Virginia, offers a great place to live and work and we appreciate the support of the city, the region and the state.”
The company already employs 2,000 workers in Lynchburg.
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