Category Archives: Areva

French President Hollande gets the bill from Areva

With seven billion euros in debt, and layoffs looming, Areva’s interim CEO has a lot of explaining to do to the French government The French Parliament got into the act in reviewing Areva’s troubled finances asking the state-owned firm’s new … Continue reading

Posted in Areva, Nuclear | 1 Comment

Areva’s financial crisis gets worse. Is Hinkley Point at risk?

The financial future of the French state-owned nuclear giant has become less certain and some worry it may threaten the viability of the UK’s Hinkley Point 3200 MW new nuclear build. Just four months after sharply dropping its financial projections … Continue reading

Posted in Areva, Hinkley Point, Nuclear

France prepares to deep fry its energy future

France retreats on nuclear energy by sacking EDF CEO Energy minister pledges reliance on renewables Areva struggles with strategic direction EDF Chief pushed out French President Francois Hollande canned EDF’s pro-nuclear boss Henri Prolio just days after the European Union … Continue reading

Posted in Areva, EDF, France, Nuclear | 2 Comments

Chinese nuclear firms enter eastern European market

China General Nuclear to build two reactors in Romania Chinese government expresses interest in supporting a bid for new tender at Temelin Cernavoda According to wire service reports China General Nuclear (CGN) will partner with Romania’s state-owned nuclear utility to … Continue reading

Posted in Areva, cernavoda, China, Nuclear, temelin

What’s up with France over Nuclear?

The state owned nuclear giant Areva stayed out of hot water with investors. EDF got a major boost with the European Union’s approval of a massive new 3.2 Gwe nuclear reactor complex at Hinkley Point in the U.K. The lower … Continue reading

Posted in Areva, China, EDF, France, Hinkley Point, Nuclear, nuclear reactors

Areva stock facing junk status from S&P rating

Cost overruns at a reactor under construction in Finland and delays globally in nuclear projects have hurt the French state-owned nuclear firm Reuters reports that French state-owned nuclear power group Areva may  decide this week to scale back investments in … Continue reading

Posted in Areva, Nuclear