AREVA is a French public multinational industrial conglomerate that is mainly known for nuclear power. It was created on 3 September, 2001, by the merger of Framatome and Cogema (now AREVA NC). Its main shareholder is the French owned company CEA, but the German company Siemens also retains 34% of the shares of AREVA’s subsidiary, AREVA NP, in charge of building the European Pressurized Reactor.
PARIS, Dec 11 (Reuters) - Areva plans to speed up its investment in uranium enrichment, Les Echos reported on Thursday, citing senior executives at the French nuclear group. The group has decided to bring forward by three years a plan to build a second uranium enrichment facility at its Tricastin site in France, the paper said, noting other nuclear projects have been thrown into doubt because of the financial crisis. (more…)
FLAMANVILLE, France, Dec 11 (Reuters) - France’s main electricity provider EDF, under pressure from cost overruns on a key project, said it was open to work with partners over building new EPR nuclear reactors.
EDF Chairman and Chief Executive Pierre Gadonneix told reporters on Thursday that EDF aimed to have control over the various nuclear energy projects in which it was involved. (more…)
Balkan states are gambling on the nuclear option as the best way to reduce the energy shortage but whether the risks pay off remains to be seen.
The three guards stand at the gate in the 40°C afternoon heat, ignoring the bustle around them. Grim-looking barbed wire coils round the top of the tall fence, as if designed to stop convicts escaping from prison. (more…)
PARIS - (Dow Jones)- French nuclear utility Electricite de France SA Thursday announced higher costs for a reactor it’s building in France and said its ambition to lead a worldwide wave of building new nuclear plants means total capital expenditure of between EUR40 billion and EUR50 billion by 2020.
The net financing requirements for EDF over the same period should be between EUR12 billion and EUR20 billion, EDF said, given the involvement of partners in projects in France, China, the U.S. and possibly the U.K. (more…)
Barely a few days before the collapse of Lehman Brothers, EDF finally clinched its multi-billion pound acquisition of British Energy. At about the same time, the French state-controlled electricity group also tried – and failed – to counter veteran investor Warren Buffett’s bid for control of a US electricity utility, Constellation Energy. (more…)
PARIS, Nov 24 (Reuters) - French atomic energy firms may be over-confident when they say their plans to expand abroad will survive the credit crisis unscathed.
Some analysts say financing problems, if prolonged, are bound to delay schemes in a sector with such high capital costs.
France hopes to use its unrivalled atomic expertise to lead a global nuclear revival spurred by rising fossil fuel prices and concerns over climate change. Its firms may even benefit as a slowing economy lowers costs for current building in France. (more…)
DOHA, Nov 10 (Reuters) - French oil and gas giant Total is targeting nuclear energy to drive growth long after oil and gas output peak, a top executive said on Monday.
“In the future, energy demand will be constrained by tight supply,” Arnaud Chaperon, Total’s senior vice president for electricity and new energies, said in a presentation to a nuclear energy conference in Qatar. (more…)
RAUMA, Finland — The cafe where Paivi Alanko-Rehelma serves coffee and smoked fish stands practically in the shadow of a sprawling building site on the island of Olkiluoto where Finland is erecting a nuclear power plant, the island’s third, and Finland’s fifth in the last 30 years.
Rauma is about 10 miles from Olkiluoto, a nuclear plant site. (more…)
PARIS (Reuters) - Tests on water tables under French nuclear sites, after a major uranium leak in the south earlier this year, showed there were no significant environmental or health dangers, a government committee said on Friday.
Plant operator Areva said in July that 30 cubic meters of liquid containing non-enriched uranium was accidentally poured onto the ground and into a river at the Tricastin nuclear site in southeastern France. (more…)
SOFIA, Nov 6 (Reuters) - Bulgaria urged German power utility RWE on Thursday to reject pressure from green activists and approve a deal to become a strategic investor in a planned 4.0 billion euro ($5.16 billion) nuclear power plant.
Deputy Energy Minister Yavor Kuyumdzhiev said Bulgaria will wait for RWE’s supervisory board approval of the deal until the spring of 2009, when construction of the 2,000 megawatt Belene plant should start. (more…)
