Companies

Rosatom could exit Belene nuclear plant project

Wednesday, February 9, 2011

Russian nuclear power engineering company Atomstroyexport has advised its owner, state power corporation Rosatom, to drop Bulgaria's Belene nuclear power project, French daily La Tribune reported, citing a letter that Atomstroyexport sent to its parent.

Rosatom told Dnevnik it would not comment on the letter as it was an internal document and the company was yet to decide whether to exit the project. The proposed withdrawal would be considered a possibility only if Rosatom failed to sign its 12th consecutive agreement with Bulgaria, the company said.

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Poland's PGE launches nuclear technology tenders

Monday, February 7, 2011

Poland's largest power group Polska Grupa Energetyczna said Sunday it had started two tender procedures for its nascent nuclear power program.

PGE said an owner's engineer tender for technological advisory services and another for environmental and site surveying had been launched by its newly created subsidiary PGE EJ 1.

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Vattenfall CEO: Kruemmel Won't Go Online Before Mid-2011

Monday, January 24, 2011

BERLIN (Dow Jones)--German utility Vattenfall Europe AG has again delayed the planned restart of its nuclear power plant Kruemmel by some six months, Chief Executive Tuomo Hatakka told Dow Jones Newswires Tuesday.

On the sidelines of the Handelsblatt energy conference in Berlin Hatakka also indicated that the company's second northern German reactor--Brunsbuettel--might not be restarted at all if a review of the two power plants shows that a recently introduced tax on nuclear fuel in Germany makes the reactor loss-making.

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Dutch Court Rules Stake In Nuclear Plant Can't Go To RWE

Monday, January 24, 2011

AMSTERDAM (Dow Jones)--The Dutch Supreme Court Friday upheld an interim injunction that prevents German utility RWE AG (RWE.XE) from obtaining a 50% stake in the only nuclear power plant in the Netherlands.

The ruling is a setback for RWE, which acquired Dutch utility Essent in 2009, but a final decision on whether RWE will eventually gain control of the stake in the Borssele reactor could still take years.

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RWE, Iberdrola, GDF Suez exit Romania nuclear plan

Friday, January 21, 2011

PARIS/FRANKFURT, Jan 20 (Reuters) - Power groups GDF Suez, Iberdrola and RWE said on Thursday they were pulling out of a multi-billion dollar nuclear project in Romania, confirming an earlier report by Reuters.

"Economic and market-related uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project," the groups said in a joint statement.

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Budget dispute could delay Polish nuclear program: report

Wednesday, January 19, 2011

A governmental dispute over the costs of Poland's nuclear power program could delay the country's first nuclear plant, according to a report Monday.

The daily Rzeczpospolita said Poland's finance minister, Jacek Rostowski, has criticized the high cost of the economy ministry's estimated Zloty 840 million ($289 million) nuclear program.

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Finland – land of uranium

Tuesday, January 18, 2011

The Decision-in-Principle (DiP) in 2002 to build a fifth nuclear power plant made Finland the center of attention when the nuclear power industry began to see its chances. Finland is the first country to have made a decision on final storage of nuclear waste. Finland is also the only Nordic country in which energy consumption is rising.

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GDF Suez pays Belgium €212 million nuclear tax for 2010

Friday, January 14, 2011

France's GDF Suez has paid the Belgian government a 2010 nuclear tax payment of Eur212 million ($276 million), a company spokeswoman said Thursday.

Through its subsidiary Electrabel, GDF Suez operates almost all of Belgium's 5.9 GW of nuclear capacity.

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Bulgarians, Romanians Building Nuclear Reactor in France Face Ruthless Exploitation

Wednesday, January 12, 2011

The foreign workers – including many Bulgarians and Romanians – on the construction site of EDF's new-generation nuclear reactor in Flamanville – face severe working conditions, according to French media.

Some one-third of the total number of 3 200 workers of the French state energy company EDF on the site in Flamanville are foreigners – mostly Romanians and Bulgarians but also Spanish and Portuguese, reported French news site Europe 1 citing the France Soir newspaper.

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Wikileaks: Cables Raise Questions about Bulgaria's Belene

Monday, December 20, 2010

While RWE insisted that its withdrawal from the project, which has yet to get off the ground, was due entirely to financial concerns, the February 2009 secret US embassy cable indicates that safety concerns and shady business practices by other partners were a factor in the German firm's decision to leave in October 2009.

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