While MEPs continued their debate on the European Commission’s proposal to grant a specific budget under the multiannual financial framework to the ITER nuclear fusion research and engineering project, Energy Commissioner Günther Oettinger announced to the member states’ research ministers, meeting in Brussels on 18 February, that he would organise a ministerial meeting of the ITER Council in Cadarache, France, in September this year.
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Oettinger calls for ministerial meeting on ITER
Monday, February 25, 2013
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Areva and EDF defend project costs
Tuesday, January 15, 2013Areva and EDF, the French nuclear groups, have both defended the cost of new nuclear projects despite the €2bn of extra cost overruns on their flagship next-generation reactor at Flamanville in Normandy.
The news that the reactor, the first built in France for 15 years, is expected to cost €8.5bn rather than the €3.3bn first forecast comes as questions are raised about whether nuclear power remains affordable.
Areva Again Raises Estimate of Cost of Olkiluoto Reactor
Thursday, December 13, 2012Chief Executive Luc Oursel said the reactor in Olkiluoto will ultimately cost about 8 billion euros, same as a similar reactor it is building in Flamanville, in northern France. That's well over the last cost estimate of around EUR6.4 billion.
"Our estimation is that the whole project (in Finland) will have a cost in constant euros close to Flamanville," Mr. Oursel said during a press conference.
EDF raises French EPR reactor cost to over $11 billion
Monday, December 3, 2012PARIS (Reuters) - French utility EDF has raised the cost of the construction of its next-generation nuclear reactor by more than 2 billion euros on Monday, the latest in a series of overruns for the first EPR reactor built in France.
Stricter regulation in the wake of the Fukushima nuclear disaster contributed to bringing the total cost of the 1,600-MW Flamanville European pressurized reactor to 8.5 billion euros ($11.11 billion), the group said.
EU to raise nuclear research spending
Thursday, November 1, 2012Average annual funding for nuclear research is expected to grow almost 15% under the European Union's (EU's) planned Horizon 2020 program. Fusion programs account for nine-tenths of the budget.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing Europe's global competitiveness. Running from 2014 to 2020 with an €80 billion ($104 billion) budget, the EU's new program for research and innovation is part of the drive to create new growth and jobs in Europe.
Finland's Olkiluoto 3 nuclear plant delayed again
Tuesday, July 17, 2012The launch of a flagship nuclear power station in Finland has been delayed for a third time, officials say.
Finnish electricity company TVO says the Olkiluoto 3 plant will not be ready by the latest deadline of 2014 and a new timetable has not yet been set.
‘Surge in costs may propel Russians to drop Akkuyu nuclear power plant’
Sunday, June 24, 2012It is not an easy game, it never has been. Turkey now seems to be closer to realizing its bid for its first nuclear power plant than ever before.
Some, however, argue the country may find itself far from this dream due to some unanticipated problems that may occur behind closed doors. But isn’t there a remedy to erase all lingering doubts about the planned plant?
France's Areva to announce big losses-minister
Sunday, December 11, 2011Dec 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."
Olkiluoto 3 nuke plant may be delayed further -TVO
Sunday, October 16, 2011HELSINKI/PARIS, Oct 12 (Reuters) - Finnish utility firm Teollisuuden Voima (TVO) blamed supplier Areva for further delays to the construction of its Olkiluoto 3 nuclear power plant which may further push back operations to 2014.
The 1,600 megawatt plant Olkiluoto 3, Finland's fifth nuclear reactor, was originally scheduled to start operations in 2009 but delays and soaring costs meant TVO revised its start date to 2013.
Revealed: British government's plan to play down Fukushima
Friday, July 1, 2011British government officials approached nuclear companies to draw up a co-ordinated public relations strategy to play down the Fukushima nuclear accident just two days after the earthquake and tsunami in Japan and before the extent of the radiation leak was known.
