nuclear-news

The French will bid as EDF/Areva – nuclear technology company Areva sold its reactor business to the state-owned energy utility EDF earlier this year……..

EDF was facing large investments at its French operations. Its investment compromised about €50 billion (R869.6 billion) over 10 to 15 years, which would extend the operating lifespan of its ageing fleet to 60 years……

The French nuclear industry has faced a number of storms during the past year. Areva teetered on the edge of bankruptcy after years of losses wiped out its equity. It was rescued by French state aid and a sale of its ­reactor business to EDF.

The Flamanville project in France, Areva’s first European Pressurised Reactor (EPR) nuclear pressurised water ­reactor, is years ­behind schedule, way over budget and riddled with technical difficulties…….

France, Russia, China, the US and South Korea are competing for what could be South Africa’s biggest ­procurement project. The contract, estimated to cost ­between R580 billion and R1.56 trillion, aims to add ­nuclear capacity of 9 600 megawatts.

The government has said the nuclear programme would be developed at a pace the country can afford……..http://city-press.news24.com/Business/bullish-areva-wants-in-on-sas-nuclear-tender-20160603