Nuclear power in Europe

PARIS, Nov 4 (Reuters) - The seven banks guaranteeing a loan to help French power company EDF finance the takeover of British Energy are struggling to find additional banks to share the risk, Les Echos reported on Tuesday.

EDF last month launched an 11 billion pound ($17.9 billion) loan backing the 12.5 billion pound acquisition with BNP Paribas, Societe Generale, Calyon, HSBC 005.HK, Royal Bank of Scotland, Barclays Capital and Bank of Tokyo Mitsubishi. The loan was conservatively structured with short-term maturities and generous pricing after EDF's bid was recommended by British Energy's board in September.

It’s not only banks that are asking investors for billions of pounds these days. Last week Centrica, the energy company behind British Gas, tapped its shareholders for £2.2 billion in what will be one of the biggest rights issues outside financial services this year.

Unlike the banks, Centrica doesn’t need the money to save itself from destruction. In a harking-back to precredit crunch times, Centrica wants the cash to invest in a new business. City institutions are relieved. “They [Centrica’s large shareholders] have all said thank goodness you are here to talk about that and not another recapitalisation,” said Sam Laidlaw, Centrica’s chief executive.

STOCKHOLM, Sweden (AP) — Managers of an atomic power plant in Sweden used janitors to guard the facility when the alarm system was malfunctioning, according to a critical report Thursday from the country's nuclear watchdog.

In a statement on its Web site, the Swedish Radiation Safety Authority called the incident at the Oskarshamn plant serious because the workers had no training as security guards.

Bulgaria and the strategic investor in the Belene nuclear powerplant, German RWE, would put pen to paper as soon as possible, said Mardik Papazyan, executive director of national power grid operator NEK.

The state would add 300 million leva to the operator’s capital so that it could order the equipment, which was expected to long to produce as Russian plants were overwhelmed with orders for Chinese and Turkish nuclear plants, Papazyan said.