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.

US working with allies to change global rules for nuclear financing

Thursday, October 23, 2008

Platts - The US, France and Japan are working to put international mechanisms into place to help finance construction of nuclear power plants in the US and elsewhere, government officials and financial analysts said this month.

Two principal targets are international financial institutions, such as the World Bank, and national export credit agencies, the sources said.

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Bulgaria pours 300M leva in Belene nuclear plant

Friday, October 17, 2008

Bulgaria's Cabinet plans to inject 300 million leva into the National Electric Company (NEK) to cover the costs of the transitional stage of building the nuclear power plant at Belene on the Danube River, the Government press service said in a statement.

The cash would be given as an equity hike in NEK, which is now part of the Bulgarian Energy Holding (BEH) that the Cabinet created in September 2009 by integrating Maritza Iztok mines, Maritza Iztok 2 thermal power plant and NEK into the holding structure of gas provider Bulgargaz.

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Bulgaria close to picking winner for nuclear plant

Friday, October 3, 2008

SOFIA, Oct 2 (Reuters) - Bulgaria is close to choosing a winner between Belgian energy firm Electrabel and Germany's RWE AG to make a strategic investment in a planned 4 billion euro ($5.6 billion) nuclear plant, Bulgarian utility NEK said on Thursday.

In August, state-owned NEK asked RWE and Electrabel, owned by France's GDF Suez, to improve their offers for a 49 percent stake in the plant it is building to restore Bulgaria's position as a leading power exporter in southeastern Europe.

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Russia and Belarus will have nuclear power plants close to Lithuania

Friday, September 26, 2008

Russia and Belarus will both have nuclear power plants close to Lithuania by the time Ignalina nuclear power plant has a replacement, The Baltic Times quotes the president of the Lithuanian Industrialists’ Confederation and the majority owner of Achema Group, Bronislavas Lubys.

Lubys said that he is certain that before Lithuania builds its planned new nuclear power plant, Russia and Belarus will construct two new atomic power stations in the region.

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EDF completes UK nuclear line-up

Wednesday, September 24, 2008

Less than two months after British Energy shareholders walked away from an earlier deal, EDF has bagged the UK nuclear power generator in a £12.4bn deal.

Selling British Energy to EDF is about more than just a handover of physical assets.

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Lithuania eyes 4 suppliers for nuclear reactors

Monday, September 22, 2008

VILNIUS, Sept 22 (Reuters) - Lithuania said on Monday it will choose reactors for a new nuclear power plant from four suppliers, including French Areva and U.S. General Electric, but excluding Russian companies.

Lithuania aims to build a new nuclear power plant by 2016-2020 in cooperation with neighbouring Latvia, Estonia and Poland, with a tender to supply reactors to be launched in 2010.

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Lithaunia nuclear project smaller than planned

Thursday, September 18, 2008

VILNIUS, Sept 18 (Reuters) - The company leading work on Lithuania's new $10 billion nuclear power station said on Thursday it would target capacity of 2,200 megawatts, lower than originally forecast.

A draft environmental impact study said the plant could be built to generate up to 3,200-3,400 MW, accommodating the demands of project partners Poland, Latvia and Estonia, all keen to lessen their dependence on Russian energy supplies.

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Splitting the atom costs double in Finland

Tuesday, September 16, 2008

Finland’s plans to build the world’s first next-generation pressurised water reactor has hit a rough patch as the initial estimated price tag has now doubled to nearly 4.5 billion euro. Areva, the French nuclear construction company building the power plant, announced that the final costs for the reactor will be 50 percent higher than originally estimated, according to Les Echos, a business newspaper.

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E.ON sizes up new nuclear at Oldbury

Wednesday, September 10, 2008

E.ON UK has entered into a transmission connection agreement with National Grid for up to 1600MWe of new capacity at Oldbury.

The Oldbury-on-Severn site named in the agreement is owned by National Grid and is the location of a substation. The site is adjacent to the Oldbury nuclear power station, which is owned by the Nuclear Decommissioning Authority (NDA) and has two 225MWe Magnox units that are due to cease operation at the end of this year.

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Lack of power and water cap Namibian uranium output

Friday, September 5, 2008

LONDON (Reuters) - A shortage of energy and water will cap future uranium mine expansion in Namibia, but the country hopes to ease the bottlenecks through desalination and a new coal-fired power plant, an industry body said on Wednesday.

The government has issued some 50 exclusive prospecting licenses for more uranium mining firms, but output of uranium is dependent on the availability of water.

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