Financing

Renewables group questions EC neutrality on nuclear power

Thursday, September 27, 2007

Brussels (Platts) - 26 Sep 2007

A renewable energy group said it was "deeply worried" about the neutrality of the European Commission when it comes to nuclear power. The European Renewable Energies Federation, or EREF, was reacting September 26 to a September 25 EC decision. The EC decision was that there was no illegal state aid involved in the 570-million-euro (US$805 million) export credit guarantee from French export credit agency Coface to French nuclear vendor Areva for the Olkiluoto-3 reactor under construction in Finland.

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Companies want to look green, but old habits persist

Sunday, March 4, 2007

While Hungarian citizens are getting more conscious about environmental issues and more interested in companies’ environmental record, an environmentally responsible image often remains an empty PR exercise, said Greenpeace spokesperson Szabina Mózes. “It looks interesting when we see an advertisement in which the Paks Nuclear Plant Zrt is photographed in a beautiful green environment, saying that this is ‘The energy of the future,’ but it’s hardly believable that nuclear energy is a clean solution.” Paks Nuclear Power Plant Zrt has also sponsored radio programs dedicated to environmental issues; positive action to be sure, Mózes opined, but such activities do not make nuclear energy environmentally friendly, nor do people believe they do. Mózes went on to say that such PR efforts may even result in a growing skepticism of consumers who have already learned not to believe in advertising.

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Turkey drops Akkuyu project, citing IMF economic program

Tuesday, July 18, 2000

Prime Minister Bulent Ecevit announced immediately following a cabinet meeting on July 25 that Turkey will not proceed with a long delayed power reactor project at Akkuyu Bay and may reconsider the nuclear power option only at some unspecified later time after Turkey has mastered serious economic difficulties.

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