Areva is weighing whether to bring out cheaper, less sophisticated nuclear reactors after its flagship EPR lost out to a low-cost South Korean rival in one of the biggest civil tenders last year.
Top management at the French group last week launched a review of its product range to determine whether Areva should reintroduce the simpler second-generation CPR1,000 reactors - which it stopped building 20 years ago - for client countries that are new to nuclear power.
Major setback for energy plans as report finds flaws in US and French models
COPENHAGEN — Six Greenpeace activists Monday boarded a ship carrying French-made steam turbines bound for a new nuclear power station in Finland, the environmental group said.
The protestors climbed on board the Happy Ranger as it made its way through the Fehmarn Belt strait between Denmark and Germany and unfurled banners including one which read "Nuclear madness, made in France".
The executives of electric utilities worldwide are dreaming of a renaissance in nuclear power. But problems with a new, state-of-the-art reactor in Finland suggest that this is unlikely to happen. The industry's alternative strategy is to modernize older plants to drastically extend reactor lifetimes.
The managers at Finnish electric utility TVO expressed one last wish before ordering what would be the world's largest nuclear power plant from Siemens and the French nuclear power conglomerate Areva. They wanted the reactor to be painted oxblood red and white, the traditional colors of the picturesque summer homes on Finland's western coast.
OLKILUOTO, Finland — As the Obama administration tries to steer America toward cleaner sources of energy, it would do well to consider the cautionary tale of this new-generation nuclear reactor site.
The massive power plant under construction on muddy terrain on this Finnish island was supposed to be the showpiece of a nuclear renaissance. The most powerful reactor ever built, its modular design was supposed to make it faster and cheaper to build. And it was supposed to be safer, too.
Power company TVO denies that Finland's Nuclear and Radiation Safety Authority (STUK) has threatened to stop construction of a nuclear reactor at its plant in Olkiluoto. Nonetheless both TVO and French contractor Areva say they take the criticism seriously.
TVO and Areva admit that plans for an automation safety system have been delayed, but say that STUK has not suggested it would order a stop to construction for this or any other reason.
BRUSSELS — BRUSSELS: As France presses ahead with building more next-generation nuclear reactors, new evidence emerged Friday to suggest that industry and governments may be unprepared to handle the increasingly toxic waste that will result.
Highlighting the importance of the technology in France, both as its main source of electricity and as a major export industry, President Nicolas Sarkozy of France announced late Thursday that Électricité de France, Europe's biggest power producer, was awarded the contract to develop a second atomic reactor using next-generation technology.
FLAMANVILLE, France, Dec 11 (Reuters) - France's main electricity provider EDF, under pressure from cost overruns on a key project, said it was open to work with partners over building new EPR nuclear reactors.
EDF Chairman and Chief Executive Pierre Gadonneix told reporters on Thursday that EDF aimed to have control over the various nuclear energy projects in which it was involved.
PARIS - (Dow Jones)- French nuclear utility Electricite de France SA Thursday announced higher costs for a reactor it's building in France and said its ambition to lead a worldwide wave of building new nuclear plants means total capital expenditure of between EUR40 billion and EUR50 billion by 2020.
The net financing requirements for EDF over the same period should be between EUR12 billion and EUR20 billion, EDF said, given the involvement of partners in projects in France, China, the U.S. and possibly the U.K.
Projected cost of Mochovce's completion has ballooned
10 Nov 2008 Beata Balogová Business - JUST weeks after the government approved its strategy on energy security, which is intended to guide policy for the next 20 years or so and which defined nuclear energy as one of its key pillars, Slovakia’s dominant power generator started the construction phase of two further blocks at the Mochovce nuclear plant.
