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.
The European Commission's plan to auction 100% of European Union Allowances (EUAs) from 2013 onwards came under fire Thursday from German utility RWE.
RWE's CEO Jurgen Grossmann believes the main beneficiary of the EC's climate change plans would be French utility EDF.
RWE Power, Societatea Nationala Nuclearelectrica and five other partners have given the provisional go-ahead for an investment contract towards the creation of a joint venture company in Romania.
The contract will be signed by the participating companies upon approval by the Romanian government. The contract seeks to construct Unit-3 and Unit-4 of the Cernavoda nuclear power station in Romania, using the Canadian CANDU reactor technology.
NPP Belene meets the highest requirements for third generation NPPs, Harmut Pam, vice president of ‘Nuclear Power Plants’ department at RWE Power, said. The Bulgarian government has chosen RWE Power as the main investor in the construction of the second NPP in Bulgaria. Harmut Pam gave a lecture before the 3rd Annual European Conference on ‘Next NPPs generation’ currently taking place in Sofia. According to RWE Power’s strategy, NPP Belene will meet all safety and long-term exploitation requirements, Harmut Pam said.
SOFIA, Nov 18 (Reuters) - Romania is due to sign a deal with selected foreign bidders to build two more reactors at its nuclear power plant in Cernavoda on Nov. 20, one of the investors, GDF Suez, said on Tuesday. Earlier this year, the Balkan country decided to retain a 51 percent stake in the planned reactors and leave the remaining 49 percent for the six bidders it chose last year as partners.
The partners are Belgian Electrabel, owned by French power giant GDF Suez, German power giant RWE, Czech utility CEZ, Italy's Enel, Spain's Iberdrola and a Romanian unit of steel giant ArcelorMittal.
SOFIA, Nov 18 (Reuters) - French power giant GDF Suez said on Tuesday it would decide whether to share a stake in a Bulgarian nuclear project with RWE after examining a deal agreed between the German utility and Sofia.
The Bulgarian government last month chose RWE to become a strategic partner for a 49 percent stake in the planned Belene plant and gave the option to split the stake with the second-listed bidder, Belgian Electrabel, owned by GDF Suez.
BERLIN, Nov. 14 (UPI) -- German power company RWE is offering consumers a zero-carbon energy plan fueled mostly by nuclear power plants.
Der Spiegel said the "Pro-Climate Power" derives 68 percent of its power from nuclear sources and 32 percent from hydroelectric energy.
Sofia. German company RWE will from now on decide whether to grant the investment promised.
The signing of the shareholding contract for Belene nuclear power plant through which German company RWE will gain 49% of the future plant's stakes, was postponed. Instead of end-October 2008 when the last deadline expired, the paper will most likely be endorsed in December 2008, the project's main investor National Electricity Company (NEC) said, The Banker Weekly reported.
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.
Bulgaria's planned nuclear power plant at Belene on the Danube River is amongst the most dangerous contemplated projects of its kind in the whole world, Greenpeace nuclear analyst Heinz Smital has said, as quoted by Deutsche Welle.
According to Smital's warning, Belene was massive and irresponsible gamble, which would only tarnish the reparation of RWE, the German company picked as the strategic investor in the nuclear power plant. Far worse, the German company was playing Russian roulette with people's lives in the entire region of South-Eastern Europe, he said.
