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AREVA to Supply Nuclear Fuel for a Jordanian Research Reactor -And Saudi expansion moves with EDF

……“Following the signature in 2011 of contracts for supplying DAEWOO with low enriched uranium and for delivering prototype fuels to the KAERI/DAEWOO consortium, this success confirms the quality of the collaboration between AREVA and its Korean partners in the sector of nuclear fuel for research reactors.”…. 1st article

……”Oursel told Al Arabiya that the firm is already training Saudi engineers to prepare them for nuclear energy projects, which he said are expected to create “thousands of jobs”.

Areva and EDF have already set up an office in Riyadh to lay the groundwork for a possible bid for tender, and have established links with local Saudi companies and engineers. That followed a 2011 agreement between France and Saudi Arabia that offered the Saudis atomic know-how and training for local staff.

“Thanks to the subsidiary we have created in Riyadh with EDF, we are contacting all the Saudi suppliers which can play a role in this very important program,” said Oursel.”……. 2nd article

…..Following the lessons learned from Fukushima, the U.S. nuclear industry developed an approach to reinforce the safety measures at nuclear power plants, which includes the development of the regional response centers…….. 3rd article

AREVA : Finances - Leverage

(Please note the peak after the financial crash of 2008.. straight after the crash 200 billion Euros, to begin with, went into the only “safe” financial bet.. nuclear, the “green” saviour   .. Arclight2011)

AREVA : Income Statement Evolution

AREVA to Supply Nuclear Fuel for a Jordanian Research Reactor

AREVA has just signed a contract with the Korean KAERI/DAEWOO consortium to supply fuel elements for the JRTR (Jordan Research and Training Reactor) currently being built in Jordan –
The agreement concerns the supply of nuclear fuel for the first reactor core and for a reload batch. Delivery of the fuel elements is scheduled for the beginning of 2015.

Construction of the JRTR research reactor by the KAERI/DAEWOO consortium is an essential step for Jordan in acquiring the capabilities required for nuclear R&D and producing nuclear power. AREVA (areva.com) is proud to be a part of this project together with the Korean consortium, who is one of the research reactor suppliers, and stands ready to offer its experience regarding construction of a power reactor in Jordan, for which the selection of a supplier is now in progress.

Benoît Bazire, Senior Vice President of the Propulsion and Research Reactors BU, stated:

“Following the signature in 2011 of contracts for supplying DAEWOO with low enriched uranium and for delivering prototype fuels to the KAERI/DAEWOO consortium, this success confirms the quality of the collaboration between AREVA and its Korean partners in the sector of nuclear fuel for research reactors.”

The thermal power of the JRTR will be 5 MW, which can be extended to 10 MW in the future. It will be used for neutron beam research, neutron irradiation services such as medical radioisotope production, and training of Jordanian engineers and scientists.

AREVA Press Office:
Julien Duperray / Katherine Berezowskyj / Jérôme Rosso / Alexandre Thébault

http://www.przoom.com/news/127532/AREVA-to-Supply-Nuclear-Fuel-for-a-Jordanian-Research-Reactor/

French aim to subcontract Saudi firms in hope of nuclear win

France’s Areva says it aims for the majority of its subcontractors to be local firms should it win an expected tender to build nuclear power plants in Saudi Arabia.

Saudi Arabia plans to build 17.6 gigawatts of nuclear power capacity by 2032, according to the King Abdullah City for Atomic and Renewable Energy (KACARE).

Areva, which develops nuclear power plants, and the French utility firm EDF, hope to win a slice of the nuclear energy market in the Kingdom.

Luc Oursel, chief executive of Areva, said the French firm has already made contact with Saudi companies and engineers ahead of the expected tenders to build the plants.

“We are discussing with Saudi Arabia… the objective of having between 50 and 60 percent of the total project built, made, designed by Saudi companies,” Oursel told Al Arabiya.

Saudi Arabia reportedly plans to produce electricity from its first nuclear plant by 2020, as it looks to keep pace with rising demand for domestic energy.

According to the Saudi Press Agency, the Kingdom may spend $100 billion to build 17 nuclear reactors over the coming two decades to produce electricity.

Oursel told Al Arabiya that the firm is already training Saudi engineers to prepare them for nuclear energy projects, which he said are expected to create “thousands of jobs”.

Areva and EDF have already set up an office in Riyadh to lay the groundwork for a possible bid for tender, and have established links with local Saudi companies and engineers. That followed a 2011 agreement between France and Saudi Arabia that offered the Saudis atomic know-how and training for local staff.

“Thanks to the subsidiary we have created in Riyadh with EDF, we are contacting all the Saudi suppliers which can play a role in this very important program,” said Oursel.

Oursel said Areva had invited 60 Saudi engineers to France for training, working in parallel with training programs in Saudi Arabia.

He did not have a timetable for the launch of the tenders for nuclear and renewable-energy projects, saying that this was up to Saudi Arabia’s government. “When it wants to launch this very important program, we are ready,” said Oursel.

Saudi Arabia has not yet launched a formal tender offer for its nuclear-power sites but is widely expected to do so, drawing the attention of global nuclear-equipment vendors.

The French firms are likely to face stiff competition from rivals in the US, Japan, South Korea and Russia.

Oursel spoke to Al Arabiya at last week’s Saudi-French Business Forum in Paris.

Senior executives from other French energy firms were also in attendance.

Christophe de Margerie, chief executive of Total, said the new Jubail refinery in Saudi Arabia was 97 percent complete and is set to begin production at full capacity of 400,000 barrels per day “before the end of year, November”.

The refinery is run by Saudi Aramco and Total.

ARTICOLI PIU’ LETTI SUL alarabiya.net

http://www.freenewspos.com/news/article/d/15776/today/french-aim-to-subcontract-saudi-firms-in-hope-of-nuclear-win

United States: AREVA and PEICO Complete Contract to Provide Emergency Regional Response Centers for the Nuclear Industry

PARIS–(BUSINESS WIRE)–April 15, 2013–

Regulatory News:

AREVA (Paris:AREVA) and PEICo (Pooled Equipment and Inventory Company), who operates the inventory sharing program for U.S. nuclear power plants, have completed a contract that aligns their services to provide and operate offsite regional response centers for the U.S. nuclear industry. Under the SAFER (Strategic Alliance for FLEX Emergency Response) alliance, AREVA and PEICo will manage the backup system inventory and provide implementation services as part of an industry-wide safety program.

Following the lessons learned from Fukushima, the U.S. nuclear industry developed an approach to reinforce the safety measures at nuclear power plants, which includes the development of the regional response centers.

AREVA and PEICo developed this alliance to meet the needs of their customers for the availability of offsite equipment, including diesel generators, pumps, and motors. This offer will align the emergency inventory management support center operated by PEICo in Memphis, Tennessee and AREVA’s services in emergency response planning and outage team expertise.

“Developed as part of our Safety Alliance offer, this partnership demonstrates AREVA’s commitment to the American nuclear industry and our dedication to safety and operational excellence,” said Tom France, Senior Vice President of AREVA Reactors and Services AREVA, Inc.

“This alliance of two industry leaders will provide an important defense-in-depth solution to meet the concerns about the reliability and accessibility of off-site, backup equipment,” said Mark Olson, PEICo president. “The industry and public can be confident that backup emergency assets will be protected and available even following the most unlikely events.”

http://online.wsj.com/article/PR-CO-20130415-908575.html?mod=googlenews_wsj

April 18, 2013 - Posted by | Uncategorized

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