Mitsubishi takes risk of investing in Areva , hoping to export nuclear reactors
Mitsubishi Heavy, Japan Nuclear Fuel to invest in struggling Areva http://asia.nikkei.com/Business/Deals/Mitsubishi-Heavy-Japan-Nuclear-Fuel-to-invest-in-struggling-Areva, 7 Dec 16,
Japanese companies eye nuclear power plant exports amid low domestic demend TOKYO — Mitsubishi Heavy Industries and Japan Nuclear Fuel are finalizing plans to invest in French nuclear giant Areva, which is currently in the throes of restructuring.
The two companies will take stakes in Areva to a combined 10% by jointly injecting 40 billion yen to 50 billion yen ($352 million to $440 million) by January 2017.
Along with Mitsubishi Heavy and Japan Nuclear Fuel, China National Nuclear Corp. may also become an investor.
Mitsubishi Heavy has already revealed plans to invest in Areva and a subsidiary while holding talks with the French government and the struggling company over the deal.
Areva has booked significant losses following a series of delays and cancellations to plant-construction projects and now finds itself going through a financial crisis.
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1.This Month
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25 January Takoma Park USA Commemorating ‘Nuclear-Free Zone’
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Hibakusha: A-bomb survivor, 95, never giving up the
battle to eliminate nuclear weapons
https://mainichi.jp/english/articles/20201229/p2a/00m/0na/032000c
December 30, 2020 (Mainichi Japan)
Tsuboi released comments expressing his joy after he
learned that the Treaty on the Prohibition of Nuclear
Weapons would enter in force.
“I am filled with excitement, thinking, ‘At long last.
This is great.’ It is a major step toward my long-held,
earnest desire for nuclear weapons to be banned
and eliminated,” he said. At the same time, he
noted that states with nuclear weapons, as well
as Japan, had not ratified the treaty and said, “The road hereafter may be rough.”
Still, each time I have met Tsuboi, he has
repeatedly stated, “I won’t give up until there ar
e zero nuclear weapons. Never give up!”
JAN 28 AT 7 AM UTC+11 – JAN 28 AT 8:30 AM UTC+11
Webinar: Ending the global security threats of nuclear power
Event by Coalition for Responsible Energy Development in New Brunswick, Beyond Nuclear and 2 others
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