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Japan, France set to win Turkish nuclear plant deal

Agence France-PresseApril 24, 2013 00:30
A consortium of Japan's Mitsubishi Heavy Industries and France's Areva are on track to win a deal to build a $20 billion nuclear power station in Turkey, a report said on Wednesday. The top-selling Yomiuri Shimbun said Japanese Prime Minister Shinzo would likely sign the deal with his Turkish counterpart Recep Tayyip Erdogan during a visit to Turkey next week as part of a four-nation trip that ends on May 4.

New management structure for Areva

April 11, 2013 03:01
Areva Resources Namibia has announced that the company will be embarking on a new management structure to be effective as from 1 June 2013. Speaking during an informal information sharing meeting with the media here on Tuesday, Managing Director (MD) Alain L’Hour announced his retirement to the company and introduced the company’s Country Manager, Hilifa Mbako as his successor. L’Hour explained that Mbako will be responsible to manage a team of 42 technical employees consisting mainly of Namibians, to take care of the ‘care and maintenance operation’ at the Trekkopje Mine situa

Turkey denies French-Japanese JV win nuke bid

April 6, 2013 16:40
Turkey declined reports on Thursday that a French-Japanese consortium has won a tender to build the country's second nuclear power plant, asserting it was “too early to comment.” Japan's Nikkei business daily reported on Thursday that the Japanese Mitsubishi Heavy Industries Ltd. and France's Areva SA have won an order to build Turkey's second nuclear power plant, a project expected to cost around $22 billion.

Niger students protest French group's uranium revenues

April 5, 2013 11:52
Some 2,000 students held a protest in Niger's capital Niamey on Friday against French nuclear group Areva to demand their country get a bigger slice of its uranium mining revenues. Marchers held aloft placards saying "No to exploitation and neo-colonialism" and "No to Areva". "The partnership in the mining of uranium is very unbalanced to the detriment of our country," said Mahamadou Djibo Samaila, secretary general of the Union of Niamey University Students that organised the protest.

Japan, France firms to build Turkey nuclear plant

April 4, 2013 00:48
Japan's Mitsubishi Heavy Industries and France's Areva are expected to win a $22 billion contract to build a nuclear power plant in Turkey, a newspaper said Thursday. Turkey's energy and natural resources ministry held talks with Japanese government and company officials in Ankara on Wednesday and told them of its readiness to place the order from the two firms, the Nikkei business daily said. Under the expected order, Mitsubishi and Areva will build four pressurised water reactors with a combined output of 4.5 million kilowatts in Sinop on the Black Sea, the newspaper said.

Areva CEO says would be interested in Urenco stake - paper

March 30, 2013 09:45
PARIS (Reuters) - French nuclear group Areva <AREVA.PA> would be interested in taking a stake in uranium enrichment firm Urenco, Areva's CEO was quoted as saying on Saturday. Urenco, owned by the British and Dutch states and Germany's two top utilities, is up for sale and Areva - which already has a partnership with Urenco - is believed to be a leading contender to buy a stake in the firm. Areva so far had played down its possible interest in Urenco.

Areva narrows loss, targets profit in 2013

February 28, 2013 14:17
French nuclear energy giant Areva said Thursday it aims to return to profit this year after nearly erasing a massive loss incurred due massive depreciations tied to the Fukushima disaster. Areva narrowed its loss to 99 million euros ($130 million) in 2012 from 2.5 billion in 2011. The company posted an operating profit of 118 million euros, compared to an operating loss of 1.87 billion in 2011. Areva believes it can return to a net profit in 2013. "That's our hypothesis," said financial director Pierre Aubouin.

Finland's TVO says reactor may be delayed until 2016

February 11, 2013 10:00
Finnish electricity company TVO said on Monday that an EPR nuclear reactor being built by Areva and Siemens may not be ready until 2016, contradicting Areva's claims that it would be completed in 2014. "Based on the recent progress reports received from the plant supplier ... TVO is preparing for the possibility that the start of the regular electricity production of Olkiluoto 3 nuclear power plant unit may be postponed until the year 2016," the company said in a statement.
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