Areva

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.

Areva Won’t Endanger Finances to Pursue Urenco Bid, CFO Says

Tuesday, July 30, 2013

Areva SA (AREVA), the world’s biggest supplier of nuclear fuel and services, is monitoring the planned sale of uranium enricher Urenco Ltd. and said it won’t endanger its finances to take part in a potential bid.

“We definitively monitor closely the situation,” Areva Chief Financial Officer Pierre Aubouin said in a Bloomberg Television interview today. “But we wouldn’t be doing anything that would hurt our balance sheet.”

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New nuclear – nearly

Wednesday, June 5, 2013

As the FT reported on Friday, negotiations on the terms for new nuclear have advanced and there is increasing optimism that a deal can be done. The meeting between David Cameron and Francois Hollande in Paris two weeks ago amounted to a declaration of agreement in principle. Just three issues remain to be resolved.

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Mitsubishi, Areva Sign $22b Turkish Nuclear Plant Deal

Friday, May 3, 2013

Japan’s Mitsubishi Heavy Industries Ltd. and Areva SA of France signed a $22 billion agreement today to build a nuclear power plant in Turkey, the first major order for Japan since the Fukushima disaster in 2011.

Japanese Prime Minister Shinzo Abe and his Turkish counterpart Recep Tayyip Erdogan met in Ankara to oversee the signing of the accord for the building of Turkey’s second nuclear plant in Sinop province on the Black Sea coast.

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Move to deal with deadly legacy of nuclear power plants

Tuesday, April 30, 2013

Britain is set to tackle a 60-year-old problem that has dogged successive governments: how to resolve the deadly legacy from the country's first generation of nuclear power plants.

The UK is home to the world's largest stockpile of plutonium, with more than 100 tonnes of the highly radioactive material.

The Nuclear Decommissioning Authority, whose job it is to look after the plutonium, is preparing to give its recommendation on how the government should deal with the problem, with an announcement expected as early as next month.

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Mitsubishi-Areva wins Turkey nuclear deal

Thursday, April 4, 2013

TOKYO, April 4 - Japan's Mitsubishi Heavy Industries and France's Areva have won an order to build Turkey's second nuclear power plant - a project that is expected to cost some $22bn, the Nikkei business daily said on Thursday, citing Japanese and Turkish sources.

Turkey's Energy and Natural Resources Ministry has informed the Japanese government and corporate officials of the decision to award the deal to build four pressurized water nuclear reactors with a combined capacity of about 4.5GW at Sinop on the Black Sea, the report said.

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Finland's Fennovoima says may downsize reactor project

Monday, February 25, 2013

HELSINKI, Feb 25 (Reuters) - Finnish nuclear consortium Fennovoima said it was considering scaling back its planned nuclear reactor project in northern Finland after the exit of its top investor German utility E.ON.

It said it would choose Japan's Toshiba if it went ahead with original plans for a large, 1,600-megawatt reactor, dropping Areva who was previously another candidate.

Areva, Toshiba and Russia's Rosatom could be suppliers for a medium-sized reactor, Fennovoima said.

It said it aimed to choose the reactor supplier this year.

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Finland's Olkiluoto 3 reactor seen delayed to 2016

Monday, February 11, 2013

Feb 11 (Reuters) - Commercial production at Finnish nuclear reactor Olkiluoto 3 is likely to be delayed until 2016, utility Teollisuuden Voima (TVO) warned on Monday, the latest setback in plans for the country's fifth such plant.

TVO said there had been delays in planning the plant's automation system and that it had not yet received proper schedule updates from consortium Areva-Siemens , which is building the reactor.

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France's Areva insisting on halting Temelín tender

Tuesday, February 5, 2013

Prague, Feb 4 (CTK) - French nuclear firm Areva has appealed a decision of the Czech antitrust office UOHS which in January turned down its request to suspend the tender to complete the nuclear power plant Temelin, the firm told CTK in a press release Monday.

The energy group CEZ, Temelin's operator, excluded Areva from the tender for the expansion of Temelin, which is located in south Bohemia near the Austrian border, in October.

Areva, however, is trying to return to the tender process.

Areva said it requires and insists on suspending the current stage of the Temelin tender so that it may effectively protect its rights and interests.

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Centrica pulls out of new UK nuclear projects

Tuesday, February 5, 2013

LONDON (Reuters) - Utility Centrica has pulled out of plans to build new nuclear power stations in Britain with partner EDF, paving the way for Chinese investors to enter the UK market through a partnership with the French firm.

Centrica said it had decided to waive an option of taking a 20 percent stake in four new reactors - two at Hinkley Point in Somerset and two at Sizewell in Suffolk.

Centrica's decision was largely expected, but it casts some doubt on the UK government's plan to attract investment to revive the nuclear industry.

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Areva and EDF defend project costs

Tuesday, January 15, 2013

Areva 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.

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