Companies

UK nuclear plans 'put energy in French hands'

Tuesday, March 13, 2012

Government plans for nuclear power risk handing control of the UK's climate and energy policies to France, according to four senior environmentalists.

Energy giant EDF and reactor builder Areva, big players in the UK's plans, are largely French government-owned.

Jonathan Porritt, Tom Burke, Charles Secrett and Tony Juniper say the firms are landing UK citizens with all the financial risks of nuclear new build.

They have told Prime Minister David Cameron he is being badly advised.

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Polish sea resort poll rejects nuclear plant

Wednesday, February 15, 2012

MIELNO, Poland, Feb 13 (Reuters) - Residents of popular Baltic Sea resort Mielno, one of three sites shortlisted to host Poland's first nuclear plant early in the next decade, on Sunday voted overwhelmingly against the plan.

Some 94 percent of the 2,389 people who took part in the referendum opposed the plant, and only 5 percent supported it, Mielno Mayor Olga Roszak-Pezala told Reuters late on Sunday. Turnout was 57 percent.

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Nuclear outage lifts French weekend price

Saturday, February 11, 2012

PARIS, Feb 10 (Reuters) - French weekend prices jumped early on Friday as a second unplanned nuclear outage within 12 hours caused panic in the market about a supply shortage, but prices for next week were steady as warmer weather was expected to ease demand pressure.

French baseload power for Saturday delivery traded nearly twice as high as in the neighbouring German market at 100.00 euros, after EDF's 1,300 Cattenom 2 nuclear reactor went offline unexpectedly overnight, tightening supply margins already under strain from high winter demand.

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Privatisation of Russian state nuclear giant

Friday, February 3, 2012

Having spent five years combining its nuclear power, engineering and research enterprises into the single entity of Rosatom, the Russian government now sees privatisation of the firm as part of a plan for industrial modernisation.

Rosatom is just one of several vertically integrated state holding companies Russia established to "discourage the decline of the more intellectual sectors of national industry" in the post-Soviet era, wrote Vladimir Putin in the Vedomosti newspaper on 30 January.

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RWE AG : Dutch Utility Delta Shelves Plan To Build 2nd Nuclear Plant

Monday, January 23, 2012

AMSTERDAM -(Dow Jones)- Dutch utility Delta NV said Monday it has shelved its plan to build a second nuclear plant in the Netherlands, in the latest example of waning appetite for atomic power in Europe.

Delta NV, which aimed to build the plant together with Germany's RWE AG, said the current market climate makes it no longer viable to move ahead with the project and that it will shelve its plans for two to three years.

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Areva confirms private investigator was hired

Saturday, January 21, 2012

A senior director at Areva, France’s state-owned nuclear champion, has confirmed that he did hire a Swiss intelligence firm to examine its disastrous €1.8bn purchase of a uranium miner but denied that it was part of a plot against Anne Lauvergeon, the company’s former chief executive.

Ms Lauvergeon, known as “Atomic Anne” after 10 years at the helm of one of the world’s leading nuclear manufacturers, shocked the French business and political elite this week when she accused her former employers of spying on her and claimed that she had been victim to a long-running “plot” to destabilise her, directed from the “highest levels of the state”.

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Garoña awaits a new decision

Friday, January 6, 2012

Spain's new government will ask nuclear regulators for advice on the continued operation of the Garoña nuclear power plant, which was dealt an arbitrarily short operating licence by the previous administration.

Yesterday the Spanish cabinet revoked an order from 2009 that set July 2013 as the latest time that Garoña may be used for power generation. The next step is for the Nuclear Safety Council (Consejo de Seguridad Nuclear, CSN) to consider the technical possibilities for longer operation and what technical improvements it may require. The Spanish government is expected to order this work imminently.

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EDF Pegs Nuclear Upgrade Cost at $13 Billion

Tuesday, January 3, 2012

PARIS—France's nuclear-safety watchdog ordered immediate upgrades to nuclear reactors to guard against natural disasters, which Électricité de France SA said could require €10 billion, or roughly $13 billion, in additional costs.

In a review following last year's Fukushima nuclear accident in Japan, the Autorité de Sûreté Nucléaire concluded that no plants needed to be shut down immediately but that steps should be taken as "soon as possible" to improve safety at France's 58 reactors.

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France's Areva to announce big losses-minister

Sunday, December 11, 2011

Dec 11 (Reuters) - French nuclear reactor maker Areva will announce large losses on Tuesday when the group unveils its strategy, French Industry Minister Eric Besson said on Sunday.

"I can confirm that Areva will announce losses," Besson told Radio J. "In all likelihood, they will be big."

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Fire shuts down Swedish nuclear reactor

Monday, October 24, 2011

The nuclear reactor at Oskarshamn was closed down late on Saturday night after a fire broke out at the plant.

Although the fire, which broke out in the turbine hall of Unit 2, was quickly put out by the plant’s own emergency services, the reactor and the turbine were closed down as a precautionary measure.

It is still unclear when the reactor 2 can be restarted again, with investigations ongoing.

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