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AREVA’s profits wiped out by new nuclear reactor troubles

areva-medusa1OL3 EPR wipes out AREVA profits
Nuclear Reaction 5 Sept 09
The OL3 nuclear European Pressurized Reactor (EPR), being built by French nuclear giant AREVA at Olkiluoto in Finland, is in such desperate financial trouble it has single-handedly wiped out the company’s half year profits. Continue reading

September 5, 2009 Posted by | 1, business and costs, France | , , , | Leave a comment

AREVA threatening Finland’s TVO company over nuclear reactor fiasco

The Nukes of (legal) Hazard: Areva threatens work stoppage at Finnish nuke
Climate progress 1 Sept 09
Escalating a dispute between the companies as to who is to blame for the schedule slippage, Areva said Monday it will not proceed with work on the delayed Olkiluoto nuclear reactor project in Finland until Finnish utility TVO makes unspecified changes to the project.Areva, the French government-owned nuclear giant, made that disclosure in a financial statement for the first half of 2009.

Ouch.  That is from Energy Daily (subs. req’d).  The Financial Times story begins:

The financial risks of nuclear power were cast into sharp relief on Monday as Areva, the French state-owned group, revealed new provisions on its troubled Finnish reactor project that virtually wiped out interim operating profits.

Double ouch!

The ongoing saga between Areva and Finland is now more like an episode of Desperate Housewives than a sitcom,

The Nukes of (legal) Hazard, Episode 5: Areva threatens work stoppage at Finnish nuke « Climate Progress

September 5, 2009 Posted by | 1, business and costs, Finland | , , , | Leave a comment

(Photos) Trucking nuclear weapons and wastes around USA

Trucks Carrying Nuclear Weapons Around the Counttry Revealed (Photos)
Huffington Post 09- 3-09
The idea of nuclear weapons being carted around in our highways, cities and neighborhoods doesn’t really put one’s mind at ease. However, the government has been transporting seriously dangerous stuff like enriched uranium and plutonium secretly without public warning.

Friends of the Earth through the Freedom of Information Act has forced the Department Of Energy to release color photos of the trucks used to transport weapons. According to FOE, these are the first of such pictures that have been released in many years……………..

“The trucks carrying nuclear weapons and dangerous materials such as plutonium pass through cities and neighborhoods all the time and the public should be aware of what they look like. Release of these photos will help inform the public about secretive shipments of dangerous nuclear material that are taking place in plain view.” – Tom Clements, Southeastern Nuclear Campaign Coordinator with Friends of the Earth

Trucks Carrying Nuclear Weapons Around The Country Revealed (PHOTOS)

September 5, 2009 Posted by | 1, safety, USA | , , , , , | Leave a comment

Russia gains advantages from concerns over Iran

Is Moscow Playing a Double Game on Iran’s Nukes?

Foreign Policy

BY WILLIAM TOBEY | SEPTEMBER 4, 2009

Why the Russians see Tehran’s atomic ambitions as an opportunity, not just a threat…………
…..the Russians could be playing a double game. Continue reading

September 5, 2009 Posted by | 1, politics, Russia | , , | Leave a comment

North Korea moving ahead with uranium enrichment

Pyongyang is in ‘final phase’ of uranium program
North’s envoy tells Security Council about its ‘weaponized’ plutonium
Joongangla Daily By Yoo Jee-ho
5 Sept
North Korea said yesterday its uranium enrichment program for nuclear weapons production has entered its final phase and that it is making more weapons from extracted plutonium. The North also claimed it is prepared for both dialogue and punitive measures. Continue reading

September 5, 2009 Posted by | 1, North Korea, weapons and war | , , , | Leave a comment

Coal on the outer as US goes green

Coal on the outer as US goes green
THE AUSTRALIAN Peter Beattie | September 05, 2009
“………
Projects to build new coal-fired power stations are being abandoned from Florida to Utah. Money is pouring in for renewable energy and legislation is being enacted to support it……………. Continue reading

September 5, 2009 Posted by | 1, climate change, ENERGY, USA | Leave a comment

Nuclear Energy Becomes Part of China-U.S. Talks

Nuclear Energy Becomes Part of China-U.S. Talks, Official Says

Sept. 4 (Bloomberg) Jeremy van Loon-– Talks between the U.S. and China, the biggest producers of greenhouse gases, are evolving to include sharing expertise in nuclear-energy technology. Continue reading

September 5, 2009 Posted by | 1, 2 WORLD, climate change, politics | , | Leave a comment

nuclear site argument in Egypt

A nuclear falling out
El Abram 5 sept 09

Parliamentarians and nuclear power scientists appeal to President Hosni Mubarak to prevent businessmen from interfering in the choice of sites for nuclear power plants, Gamal Essam El-Din reports Continue reading

September 5, 2009 Posted by | 1, MIDDLE EAST, politics | , | Leave a comment