CGN signs deal

BORDEAUX: Energy giant China General Nuclear Power Corporation (CGN) said on Thursday it plans to invest 1.6 billion euros ($1.8 billion) over five years in a French firm which produces photovoltaic panels for solar power. The agreement, which is set to create up to 3,000 jobs, ‘is for a minimum one gigawatt (of power) over five years’, Johnny Schlosmacher, director of Bordeaux-based firm Inovia Concept Développement (ICD), said after inking the deal with CGN’s European wing.