Nuclear power in Europe

State owned Vattenfall, one of Europe’s largest power producing companies, has found itself in the middle of a political storm since it became known they had plans to sell their part of the Swedish power grid. Accusations that CEO Lars G. Josefsson has ‘pledged’ the entire corporate group, in an agreement with German authorities, has made the Minister for Enterprise, Maud Olofsson, to put forward strong criticism.

The Western media reported last week on how the German company Urenco shipped nuclear material to Siberia, where the highly toxic waste was stored in containers in the open air. The company has stopped deliveries and will store the material with higher standards in Germany in the future.

The radiation warning sign was so small that few passers-by took note in the commuter rail station in Kapitolovo, Russia. Fifty-six steel canisters were sitting there on a summer day three years ago. Just a stone's throw away, people were waiting for trains to take them to downtown St. Petersburg.

FRANKFURT (Dow Jones) - German utility RWE AG Wednesday said it has terminated a joint venture agreement with Bulgaria's state-owned National Electricity Co., or NEK, due to problems with the financing of a nuclear power plant that was planned to be built near the town of Belene.

"We have terminated the joint venture agreement with NEK today because of problems financing the project," said Stephanie Schunck, spokeswoman for RWE's power generation unit RWE Power.

Although the information hasn’t made front page headlines yet, the biggest behind-the-scenes swarm of lobbyists is now hovering over the construction of two additional reactors at the Temelín nuclear plant. The actual deal looks "somewhat" different. The state-owned energy giant ČEZ is looking to secure five nuclear reactors: two for Temelín and another three for power plants that the energy company plans to build abroad, altogether, a contract worth CZK 500 billion. It’s a gigantic tender, the biggest in Czech history.