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The News That Matters about the Nuclear Industry

Long closure of Flamanville nuclear reactor is costing EDF £1m a day

AREVA EDF crumblingEDF faces £1m a day bill to keep French nuclear reactor offline   https://www.theguardian.com/business/2017/feb/21/edf-faces-1m-a-day-bill-to-keep-french-nuclear-reactor-offline Prolonged closure at Flamanville plant after fire damage piles further financial pressure on state-owned energy firm, Guardian, , 21  Feb 17, The prolonged closure of a major French atomic reactor after an explosion this month probably costs EDF at least £1m a day, according to experts.

The nuclear plant operator, which will spend £18bn building the UK’s first new nuclear power station in a generation, shut unit 1 at its Flamanville plant after a fire broke out in the turbine hall.

The company initially estimated it would switch on the reactor within a week, but later pushed the date to the end of March. Work begins this week on replacing damaged equipment.

The unexpectedly long closure adds to the financial pressure on EDF, which last week reported a 6.7% decline in core earnings to €16.4bn (£14bn) in 2016. Closures of its French nuclear plants last year, partly for safety checks, have already cost the 85% state-owned company an estimated €1.3bn.

Prof Neil C Hyatt, head of nuclear materials chemistry at the University of Sheffield, said the lost revenue from the reactor closure in Normandy could be £1m per day.

“Bringing a nuclear power plant back online after an unscheduled outage is a complex task and EDF will want to ensure that all parts of the system are working safely and effectively. A short delay to complete the necessary checks is to be expected, given that the outage was unplanned,” he said.

Another expert said the cost of closure could be up to £1.8m per day, depending on energy market prices, and questioned why there was a delay.

“It took operator EDF almost a week to progressively correct the original outage estimate from one day to 50 days. EDF has provided no information as to why the outage time went from a few days to seven weeks,” said Mycle Schneider, a nuclear energy consultant based in Paris.

The 1.3GW reactor at Flamanville is one of a dozen of EDF’s French nuclear fleet currently offline, which the company said was usual for this time of the year.

It did not say why the restart date for the reactor had been revised four times, or why it had jumped from a few days to more than six weeks. John Large, a nuclear consultant who has advised the UK government, said initial reports that the fire was in a ventilator suggested the offline reactor would be back online within a week or two. Replacing such parts should be relatively straightforward, he said.

He added that the plant’s continued closure would also add to headaches at the French grid operator RTE, which warned of power cuts at the start of winter due to nuclear outages. “The continuing impact on the grid is likely to be significant, especially if a cold snap develops,” Large said.

A second reactor at the plant is still supplying electricity to the French grid. EDF said: “Work on recommissioning the affected equipment has started this week and should last several weeks, with reconnection to the grid planned for the end of March.”

February 22, 2017 Posted by | business and costs, France | Leave a comment

Algerian human rights agency to prosecute France for nuclear tests

justiceAlgerians take steps to prosecute France for nuclear tests https://www.middleeastmonitor.com/20170215-algerians-take-steps-to-prosecute-france-for-nuclear-tests/#.WKqZtaGEIJo.facebook

  The top human rights organisation in Algeria announced yesterday that it has contacted the UN Human Rights Council regarding France’s refusal to admit to the crimes of its nuclear test programme. The French government carried out 17 nuclear tests in the Algerian desert, causing the death of 42,000 individuals; thousands more were left chronically ill due to being exposed to nuclear radiation.

The details were revealed in a statement by the National Secretary of the Algerian League for the Defence of Human Rights, Houari Kaddour, who is tasked with this issue, during an interview with Anadolu news agency. Kaddour stressed that his organisation “is trying to use all legal means to put the French authorities on trial and prosecute them in all international legal bodies, as well as in the EU, for their crimes.”

Algeria marked the 57th anniversary of the French nuclear tests two days ago. They were carried out between 1960 and 1966; Algeria gained independence from France in 1962. The French authorities still refuse to admit to these crimes and instead have announced that they will pay financial compensation to the victims.

According to Kaddour, his organisation contacted the UN Human Rights council and requested it to look into the crimes. “We also urged the Algerians in Europe to help us find lawyers specialising in international law to file a lawsuit against France in the next three months, before the Office of the High Commissioner on Human Rights in the EU. We also plan to prosecute France in the local courts in Switzerland which specialise in international crimes.”

Kaddour said that his organisation is coordinating with a number of human rights and international bodies in this regard, including all international human rights organisations, international organisations against nuclear testing, and French human rights groups. He noted that the Algerians had submitted over 730,000 compensation cases that were rejected by the compensation committee due to the impossible conditions imposed on the victims. Civilian victims, he added, are not recognised.

The Algerian League for the Defence of Human Rights accused the Algerian authorities of “not putting enough pressure on France to admit to these crimes.”

February 22, 2017 Posted by | France, Legal | Leave a comment

France’s nuclear waste agency promoting nuclear dump to South Australia, despite its dodgy record at home

a-cat-CANIt is extraordinary that some French wine producers are accompanying the Australian and French nuclear promoters spruiking the benefits of nuclear waste dumping to the community in the Barndioota region of South Australia.   Not only are many vital questions unanswered as ENuFF SA (Everyone for a Nuclear Free Future SA) has shown, but this  propaganda campaign completely ignores both the opposition to nuclear waste dumping, in France and the radioactive danger to France’s  Champagne vineyards

“The Champagne producers are facing two nuclear timebombs – one already leaking at Soulaine, and one planned at Bure. The wine producers in the Rhone region stood up to the nuclear state in France and won. The Champagne region needs to act fast before it’s too late,” said Fred Marillier of Greenpeace France. “The French Government must stop this madness. The new facility must not accept any more waste, and an immediate investigation launched into how to stop further contamination of ground water.”

Radioactive waste leaking into Champagne Water Supply, Levels set to rise warns Greenpeace, Greenpeace 30 May, 2006  Greenpeace today revealed that France’s iconic sparkling wine, Champagne, is threatened by radioactive contamination leaking from a nuclear waste dumpsite in the region. Low levels of radioactivity have already been found in underground water less than 10 km from the famous Champagne vineyards.

Problems at the dumpsite, including water migration leading to fissures in the storage cells have been reported to French nuclear safety agency in recent weeks (1). Greenpeace has written to the Comita des Producteur de Champagne to warn them that their production risks contamination, as experienced by dairy farmers in la Hague, Normandy.

wine threat

The waste dump, Centre Stockage l’Aube (CSA) in Soulaine eastern France, contains mostly waste from Electricite de France (EdF) and AREVA, but also includes foreign nuclear waste disposed of illegally under French law (2). Every week nuclear waste is trucked across France to the Champagne site. Once full, the dumpsite will be one of the world’s largest with over 1 million cubic meters of waste, including plutonium and other radionuclides.

ANDRA, the national nuclear waste agency operating the site, stated that it would not release any radioactivity into the environment when given permission for the dumpsite in the late 1980’s. Greenpeace research released last week showed levels of radioactivity leaking from another dumpsite run by ANDRA in Normandy were up to 90 times above European safety limits in underground water used by farmers, and that the contamination was spreading into the countryside (3). The Champagne site will receive a total of 4 thousand terabequerels of tritium; more than three times the amount of tritium waste as the dumpsite in Normandy.

“We have been told for decades that nuclear dumpsites will not leak and that the best standards are being applied. In reality the dumpsite in Normandy is a disaster, and radioactivity is already leaking from the dumpsite in Champagne,” said Shaun Burnie nuclear campaigner at Greenpeace International. “The authorities know they have a problem in Champagne already, with mistakes in the design. This is only the beginning of the problem, the bigger picture is that France has a nuclear waste crisis out of control that is threatening not only the environment and public health but also the economy of the Champagne region.”

In addition to the problems with the waste stores at the site, Greenpeace has learnt recently that French nuclear safety agency DGSNR has written to AREVA seeking clarification of the type of waste being disposed of at the Champagne site (4).

In addition to the low and intermediate waste site, a new high-level waste dumpsite is being planned in Bure also in the Champagne region, in which the most radioactive material in France would be deposited. Plans to build a high level waste facility in the Rhone Valley were scrapped a few years ago after strong opposition by the wine producers due to the threat to their vines and wine production.

“The Champagne producers are facing two nuclear timebombs – one already leaking at Soulaine, and one planned at Bure. The wine producers in the Rhone region stood up to the nuclear state in France and won. The Champagne region needs to act fast before it’s too late,” said Fred Marillier of Greenpeace France. “The French Government must stop this madness. The new facility must not accept any more waste, and an immediate investigation launched into how to stop further contamination of ground water.”……http://www.greenpeace.org/international/en/press/releases/radioactive-waste-leaking-into/

February 10, 2017 Posted by | AUSTRALIA, environment, France, spinbuster | Leave a comment

Explosion in engine room at Flamanville nuclear station

exclamation-Smflag-franceFlamanville plant in northern France has been hit by a massive explosion Staff writers, news.com.au    News Corp Australia Network 9 Feb 17 AN EXPLOSION at a nuclear power plant on France’s northwest coast on Thursday caused minor injuries, but the authorities said there was no risk of radiation.

The blast occurred in the engine room at the Flamanville plant, which lies 25 kilometres west of the port of Cherbourg and just across from the Channel Islands. “It is a technical incident. It is not a nuclear accident,” senior local official Jacques Witkowski said.  He said a ventilator had exploded outside the nuclear zone at the plant, which has been in operation since the 1980s and is operated by state-controlled energy giant EDF.

“It’s all over. The emergency teams are leaving,” Mr Witkowski said.Five people suffered smoke inhalation but there were no serious injuries, Mr Witkowski said.

One of the two pressurised water reactors at the plant was shut down after the explosion and the incident was declared over at 1100 GMT (10pm AEDT), the authorities said.

The two 1300 megawatt reactors have been in service since 1985 and 1986, and the site currently employs 810 people, along with an additional 350 subcontractors.

A new third-generation reactor known as EPR is being built at Flamanville, which will be the world’s largest when it goes into operation in late 2018.

“Explosions in turbines, usually related to oil in bearings overheating, are not uncommon and occur from time to time in conventional coal, oil or gas plants,” said Barry Marsden, a professor of nuclear graphite technology at the University of Manchester.

But Neil Hyatt, a professor of radioactive waste management at Sheffiled University said the incident should not be taken lightly.

“Any incident of this kind at a nuclear power plant is very serious, and the national and international regulators will want to undertake a thorough investigation to understand the cause and lessons to be learned,” he said.

Construction of the new reactor at Flamanville began in 2007 and was initially due for completion in 2012 but has been delayed several times, and its initial budget has more than tripled, to 10.5 billion euros ($11.2 billion)…….http://www.news.com.au/world/europe/flamanville-plant-in-northern-france-has-been-hit-by-a-massive-explosion/news-story/28f0f083f4850f3289939ed489f56c95

February 10, 2017 Posted by | France, incidents | Leave a comment

France joins the throng jostling to market nuclear power to Kenya

flag-franceFrance joins suitors for Kenya’s nuclear plant venture, Business Daily Africa,  NEVILLE OTUKI, notuki@ke.nationmedia.com    February 7   2017 IN SUMMARY French Economy and Finance minister Michel Sapin said the nuclear-rich European country was looking to offer Kenya technical, engineering and financial support to develop reactors.
Kenya plans to start building its first nuclear plant from 2022 in a five-year period at a cost of about Sh500 billion
China, Russia, South Korea and Slovakia have since inked various pacts with Kenya in manpower development and skills exchange as they eye a possible deal.

France has joined the list of countries courting Kenya for a multi-billion-dollar deal to build East Africa’s first nuclear power plant.

fighters-marketing-1

French Economy and Finance minister Michel Sapin said the nuclear-rich European country was looking to offer Kenya technical, engineering and financial support to develop reactors.

Kenya plans to start building its first nuclear plant from 2022 in a five-year period at a cost of about Sh500 billion.

China, Russia, South Korea and Slovakia have since inked various pacts with Kenya in manpower development and skills exchange as they eye a possible deal.

“We have expressed our readiness to support the construction of the plants. Our support involves everything from expertise to funding,” Mr Sapin said on Sunday after concluding his two-day visit to Kenya during which he presided over the return of Peugeot assembly to Kenya…….

Mr Sapin said that France was seeking pacts with Nairobi like the ones it entered with South Africa on nuclear power development.

France has over the years signed several pacts with South Africa whose two power plants were built by French firm Areva.

South Africa plans to add more nuclear power plants.

Energy experts from Italy and Germany last October, however, advised Kenya to drop plans to build nuclear reactors and instead harness its vast renewable energy resources for power generation. The experts, attending a renewable energy conference in Nairobi, reckoned that Kenya is better off developing more geothermal wells, solar parks and wind farms.

They cited massive costs for a nuke plant, long construction periods of about 10 years and expensive decommissioning of plants at the end of their lifespan, especially disposing of hazardous radioactive waste.

Italy shut down its last nuke plant in 1990 and the people voted against the atomic technology in a 2011 referendum. Germany plans to pull nuclear plants off its power grid by 2022 in favour of green energy. http://www.businessdailyafrica.com/France-joins-suitors-for-Kenya-s-nuclear-plant-venture/539546-3802926-item-1-119w5bk/index.html

February 8, 2017 Posted by | France, Kenya, marketing | Leave a comment

France, Russia, jostling to market nuclear technology to South Africa

fighters-marketing-1SA’s nuclear build contract still wide open, says France minister, SUNDAY TIMES BUSINESS BY ASHA SPECKMAN, 2017-02-05  France’s finance minister Michel Sapin believes the race between suppliers to win South Africa’s nuclear build is still wide open and that France has a trick up its sleeve.

Sapin addressed the media in Pretoria on Friday after a meeting with Finance Minister Pravin Gordhan on the same day that he discussed issues related to the nuclear build.

Communicating through a translator, he said he had reminded Gordhan of the “quality and the know-how of French companies” which operate in the nuclear sector and has asked for “full transparency” on the process. The talks had also broached the questions of price, financing and affordability of the project. But Sapin declined to go into further detail.

Russia’s Rosatom was rumoured to be a frontrunner in the bidding for the multibillion-rand nuclear contract. But last month it denied it had made an official bid. French nuclear companies EDF Group and Areva intend to put in a joint bid but had not yet done so, Sapin said. “I still have a feeling the competition is open and we’ll see how it unfolds. France is not afraid of competition … We have trump cards up our sleeves,” he said.

Sapin’s was a working visit to deepen relationships and did not involve signing agreements. It forms part of a concerted drive by the French government to expand its partnerships in the wake of Brexit,which would have major trade implications……..http://www.timeslive.co.za/sundaytimes/businesstimes/2017/02/05/SAs-nuclear-build-contract-still-wide-open-says-France-minister

February 6, 2017 Posted by | France, marketing | Leave a comment

France’s next President to face costly propping up of the nuclear industry

AREVA EDF crumblingFrance’s Next President May Face $3 Billion Nuclear Hangover, text-relevantBloomberg by Francois De BeaupuyFebruary 4, 2017, 

  • Not enough left in the kitty to bail out both EDF and Areva
  • Sale of assets from phone company to Renault may be considered

Whoever succeeds Francois Hollande as France’s president may find one of their first tasks in office will be selling off some of the nation’s prized assets to prop up the state’s nuclear industry.

That’s because the government is as much as 3 billion euros ($3.2 billion) short of the 7.5 billion euros it has said it needs this year to fix the financial problems of Areva SA and Electricite de France SA, said two government officials with direct knowledge of the matter. Hollande will try to find an answer before he leaves office in June, one of the people said. If he can’t, his successor must decide how to plug the gap, said the other person.

France is preparing to rescue its nuclear industry after EDF was weakened by falling European power prices and Areva lost billions on a long-delayed project in Finland. The president must either increase the national debt or weigh politically sensitive privatizations of holdings in anything from automakers such as Renault SA to the former phone monopoly — a tall order with the first round of presidential elections just three months away…….

While the government has enough in its privatization account for the 3 billion-euro stimulus it plans for EDF this quarter, it remains almost 3 billion euros short of the 4.5 billion euros it wants to help its near-bankrupt reactor maker, Areva, complete its restructuring and meet debt repayments this year, said the officials. Areva shareholders on Friday voted in favor of a 5 billion-euro state-backed bailout, which includes 500 million euros from Japanese investors………https://www.bloomberg.com/news/articles/2017-02-03/france-s-next-president-said-to-face-3-billion-nuclear-hangover

February 4, 2017 Posted by | business and costs, France, politics | Leave a comment

Closure of Fessenheim nuclear plant approved by EDF

nuclear-dominoesflag-franceEDF board approves closure of oldest nuclear power station in France
Decision on Fessenheim plant comes after pressure from Berlin and need to comply with legal cap on atomic energy generation,
Guardian, , 25 Jan 17, EDF has voted to begin the process of closing France’s oldest nuclear power station after pressure from Germany and a law capping the country’s reliance on atomic power.

The French energy firm’s board approved plans on Tuesday to close the 39-year old Fessenheim plant in north-east France, near the German border, allaying fears that the company, which is 85%-state owned, would drag its heels until President François Hollande left office later this year.

Hollande had promised in his manifesto to shut the site in an effort to build an alliance with the Green party. Fessenheim has also been the subject of complaints about safety from the German and Swiss governments.

Under Hollande, France has pledged to reduce its reliance on nuclear from 78% of electricity generation to 50% by 2025 and increase its use of renewables, such as wind and solar. The country’s nuclear plants are ageing, with many expected to come to the end of their life in the 2030s.

France’s energy transition law caps the amount of nuclear power at 63.2 gigawatts, meaning the Fessenheim plant needs to close in 2018 to pave the way for a new one at Flamanville.

Under the deal agreed by EDF, the company will be paid €490m (£420m) in compensation for dismantling the plant and retraining its 850 workers.

“With this decision on the part of its board of directors, EDF is guaranteeing compliance with legislation imposing a ceiling for France’s installed nuclear electricity generation capacity, while at the same time safeguarding to the utmost the interests of the company and its customers,” said Jean-Bernard Lévy, its chief executive……..https://www.theguardian.com/world/2017/jan/24/edf-board-approves-closure-of-oldest-nuclear-power-station-france-fessenheim-plant

January 25, 2017 Posted by | business and costs, France | Leave a comment

Secret efforts by France’s nuclear company EDF to weaken safety rules

Poster EDF menteursafety-symbol-SmSafety fears over EDF bid to permit doubling of nuclear reactor cracks The Herald, 22 Jan 17  THE nuclear industry is secretly bidding to relax safety standards to allow the doubling of the number of cracks in the radioactive cores of Scotland’s ageing reactors

EDF Energy is asking for the safety rules to be rewritten so that it can keep running its nuclear power stations at Hunterston in North Ayrshire and Torness in East Lothian until they are at least 47 and 42 years old. They were originally designed to last 30 years.

Prolonged radiation bombardment causes the thousands of graphite bricks that make up reactor cores to crack, threatening a safe shutdown. But EDF is asking the UK government’s watchdog, the Office for Nuclear Regulation (ONR), to permit an increase in the proportion of cracked bricks from 10 to 20 per cent.

The revelation has sparked alarm from politicians and campaigners, who say that the industry is “gambling with public safety” and the public must be consulted. One leading expert argues that Hunterston should be immediately shut down

Hunterston started generating electricity in 1976. EDF currently plans to keep it operating until 2023, and the ONR is due to conclude a safety review of its future operation at the end of January

On January 13 EDF closed down one of Hunterston’s two reactors for planned maintenance, including inspections of cracking in the graphite core. The reactor is due to be restarted on February 10.

Torness was started up in 1988 and is currently planned to operate until 2030. The company, however, has said that it is hoping that the lives of both nuclear stations can be extended by a few more years.

EDF’s bid to relax safety standards at Hunterston and Torness is highlighted in a new report today for the Scottish Greens. It concludes that the risks from graphite cracking are serious and argues that an international convention demands that environmental risks must be assessed, alternative energy sources considered and the public consulted.

According to the report’s author, Edinburgh-based anti-nuclear campaigner and consultant, Peter Roche, Scotland doesn’t need nuclear electricity. “Despite the fact cracks are beginning in the graphite core of these reactors, increasing the risk for us all, the public has still not been asked for its opinion once,” he said……..

John Large, a consulting nuclear engineer, pointed out that the integrity of the graphite bricks was vital to nuclear safety. If they failed, they could block channels that enable control rods to be inserted to close down reactors and prevent them from overheating.

“Ageing problems like this serious cracking of the graphite bricks at the heart of each reactor are deeply worrying, so much so that these nuclear plants should now be permanently shut down,” he said.

Large accused EDF and the ONR of “false confidence” in believing they fully understood graphite cracking, which was difficult to predict. “The Hunterston B nuclear reactors now in their forty-first year of operation, should be immediately shut down,” he stated….

The company also argued that environmental impact assessments – and, by implication – public consultations were not required for life extensions at Hunterston and Torness..

ONR’s deputy chief inspector Mark Foy confirmed that EDF had asked for the proportion of graphite bricks allowed to be cracked to rise from 10 to 20 per cent. “That is provided to us in the form of a comprehensive justification, which we will assess to see whether we’re satisfied it’s safe to operate,” he said…….. http://www.heraldscotland.com/news/15039668.Safety_fears_over_EDF_bid_to_permit_doubling_of_nuclear_reactor_cracks/

January 23, 2017 Posted by | France, safety | Leave a comment

France’s EDF resisting the closure of Fessenheim nuclear power plant

Poster EDF menteurEDF board prepares to defy Hollande on nuclear closure Power company’s bid to keep plant open shows president’s waning authority, Ft.com 19 Jan 17 by: Michael Stothard in Paris François Hollande risks falling short on another pledge as the board of state-controlled energy company EDF next week prepares to vote down his plans to close France’s oldest nuclear plant.

The French president promised in 2012 to shut down the Fessenheim power plant near the German and Swiss borders — long a target for anti-nuclear activists — in a bid to win over the Green party. But with just months left of his mandate ahead of the presidential election on April 23, some within EDF are attempting to drag their feet long enough for a change of government, according to three people with knowledge of the situation……..
Mr Hollande’s difficulties are partly down to a legal quirk with the vote. Six government-appointed representatives on the boardare not allowed to vote on the motion because of a conflict of interest, according to people close to the company. Six union representatives are set to vote against closure. The CGT and moderate CFDT unions have both said publicly that they will do so to protect the 850 workers at the site. This means it will take only one of the six remaining independent board members to vote against closure for the motion to be rejected. According to several people with knowledge of the situation, at least one is willing to vote no.
 The Hollande government has put immense pressure on EDF to formalise the closure……..
The government does hold some cards. The state, as well as owning 85 per cent of the company’s equity, is participating in a €3bn capital raising. It must also sign off on an extension of the licence for a stopped second reactor at Paluel in northern France. A person close to the situation said the government could conceivably find a way around the board opposition or convince some board members to change their mind. …….
If EDF hangs on long enough, it might be able to resist the closure of Fessenheim completely. François Fillon, the centre-right presidential candidate who is the frontrunner to win the presidential election, has said he is against the closure of the plant.https://www.ft.com/content/62551c48-de77-11e6-9d7c-be108f1c1dce

January 21, 2017 Posted by | France, politics | Leave a comment

France’s desperate move to save nuclear company AREVA

AREVA crumblingflag-franceFrance to buy out Areva shareholders in bid for nuclear fix, http://www.livemint.com/Companies/P2boy0yfvo71EzmyG4zx8O/France-to-buy-out-Areva-shareholders-in-bid-for-nuclear-fix.html Geert De Clercq

France, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund and French energy group Total Paris: France will buy out minority shareholders in Areva and delist the troubled nuclear group, the government said on Wednesday as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.

The state, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund, French utility EDF and French energy group Total.

Areva’s shares have fallen by as much as 90% from their 2007 highs as the group chalked up repeated losses. The stock was suspended on Tuesday at €5.2.

European Union (EU) antitrust regulators approved the French government’s plan to inject €4.5 billion ($4.8 billion) into Areva on Tuesday, saying the rescue would not unduly distort competition.

The ruling will allow Areva, whose capital has been wiped out by years of losses, to restart as a smaller firm focused on uranium mining and nuclear fuel production and recycling.

Legacy Areva SA—the firm left over after this split and the sale of Areva’s reactor unit to state-controlled EDF—will get a €2 billion capital increase and will hold the liabilities related to the troubled Olkiluoto 3 project in Finland, which has been hit by delays.

Areva said negotiations with unspecified investors in the new company were being finalised. It said last month that two investors have made a €500 million ($526.40 million) offer for a combined 10% stake in the new entity.

Paris: France will buy out minority shareholders in Areva and delist the troubled nuclear group, the government said on Wednesday as talks with potential investors in a new nuclear fuel company being spun out of Areva neared a conclusion.

The state, which owns 87% of Areva, said it would offer €4.5 per Areva SA share to minority investors which include Kuwait’s investment fund, French utility EDF and French energy group Total.

Areva’s shares have fallen by as much as 90% from their 2007 highs as the group chalked up repeated losses. The stock was suspended on Tuesday at €5.2.

European Union (EU) antitrust regulators approved the French government’s plan to inject €4.5 billion ($4.8 billion) into Areva on Tuesday, saying the rescue would not unduly distort competition.

The ruling will allow Areva, whose capital has been wiped out by years of losses, to restart as a smaller firm focused on uranium mining and nuclear fuel production and recycling.

Legacy Areva SA—the firm left over after this split and the sale of Areva’s reactor unit to state-controlled EDF—will get a €2 billion capital increase and will hold the liabilities related to the troubled Olkiluoto 3 project in Finland, which has been hit by delays.

Areva said negotiations with unspecified investors in the new company were being finalised. It said last month that two investors have made a €500 million ($526.40 million) offer for a combined 10% stake in the new entity.

A person familiar with the situation said the two investors are Japan’s Mitsubishi Heavy Industries and JNFL. Talks are continuing with China’s National Nuclear Corporation about also taking a minority stake.

“These talks are continuing and focus on governance issues, and on the issue of the balance between the different third-party investor parties,” French industry minister Christophe Sirugue told Reuters in an interview.

Sirugue, who said he had discussed the governance issue with Chinese vice-premier Ma Kai during his visit to France in November, added that the make-up of the board of the new company is another important issue in the talks. Reuters

January 13, 2017 Posted by | business and costs, France, politics | Leave a comment

France’s nuclear company AREVA in a state of collapse – taxpayers to the rescue!

Hollande-salesFrance ready to save nuclear group Areva, regardless of election outcome, Globe and Mail, GEERT DE CLERCQ, PARIS — Reuters, Jan. 04, 2017 A government-led rescue of French nuclear group Areva and the wider atomic-energy industry may cost the state as much as €10-billion ($13.94-billion Canadian), but political support is almost certain whoever wins the presidential election in May.

 

January 6, 2017 Posted by | France, politics | Leave a comment

Further French inquiry in AREVA’s nuclear manufacturing scandal – could affect UK’s Hinkley Point project

truthflag-franceFrench watchdog deepens probes into Areva nuclear parts Concerns about quality and documentation could have knock-on effect on Hinkley Point Rt.com JANUARY 4, 2017 by:  in Paris

Investigators are widening probes into potentially faulty nuclear reactor components made at a factory operated by Areva, the struggling French manufacturer, after the problems contributed to multiple shutdowns of power plants last year.

Julien Collet, deputy director of the ASN, France’s nuclear regulator, said he wanted to “go much further” with investigations into Areva’s components, including one probe into the falsification of documents that certified the quality of certain parts.

Separately, the ASN is expected to issue a report this year about issues with components made by Areva for a new nuclear power plant at Flamanville in France. The report’s findings could have an impact on the proposed Hinkley Point C nuclear plant in the UK, which is due to use the same technology as Flamanville.

 The ASN is leading investigations into two scandals relating to Areva’s supply of components for France’s existing nuclear power stations.

First, French investigators said in June that some steel components made at Areva’s Le Creusot factory — notably parts used in steam generators — had excessive carbon levels, which could make them vulnerable to cracking.

Second, Areva announced in May that it had found evidence suggesting employees had doctored quality-assurance documents relating to many different nuclear reactor components made at Le Creusot for up to 40 years.

Both affairs have contributed to French nuclear power plants run by EDF, the utility, being shut down last year………

Overseas regulators are monitoring events in France. David McIntyre of the US Nuclear Regulatory Commission said it was concerned by the revelations about doctored documents at Le Creusot, which has supplied some components to US nuclear power plants……..

Beyond Areva’s potentially faulty components in France’s existing nuclear power stations, there is another — potentially even larger — issue looming.

In 2014, the reactor vessel at the planned new nuclear power plant at Flamanville — which was made at Areva’s factory in Chalon/Saint-Marcel — was found to have potentially critical structural weaknesses as a result of excessive carbon levels……….

Any significant problems with the vessel could be catastrophic for EDF, as redoing this important piece of the plant would mean restarting much of the construction work, which is already billions of euros over budget and years late.

“If the reactor vessel is deemed faulty, it would be a disaster,” said Denis Florin, founder of Lavoisier Conseil, a consultancy.

Flamanville is a flagship project for EDF, using European Pressurised Reactor technology that is also earmarked for the Hinkley Point C power plant in the UK.

Any further delays at Flamanville could pose problems for Hinkley. This is partly because the financial support package the UK government has offered for Hinkley is premised on Flamanville being operational by 2020.

If Flamanville’s reactor vessel is found to be flawed, it could push back the completion date — currently scheduled for the end of 2018 — beyond 2020.

EDF has said it does not plan to use the UK financial support package, as it is financing the project from its own balance sheet, but this could still rob the company of room for manoeuvre should Hinkley face problems.

Additional reporting by Kana Inagaki in Tokyo https://www.ft.com/content/2baf6270-c36a-11e6-81c2-f57d90f6741a

January 6, 2017 Posted by | France, secrets,lies and civil liberties | Leave a comment

State Repression Against Greenpeace Antinuclear French Activist Yannick Rousselet

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Ouch … the incredible Yannick Rousselet, the campaigner at Greenpeace against Nukes, Yannick Rousselet, whose ideas and actions of genius are no longer counted, is now a government target.

As everywhere, the state/establishment when under pressure resorts to authoritarianism and force. In France, Greenpeace anti-nuclear activist,Yannick Rousselet, has had his house raided in the early hours of the morning…with the police pulling up outside in their black vans and taking photos (including family photos), computers, USBs, files etc. on the basis that Yannick has been threatening state defence secrets.

It’s what happens when your campaigns are successful enough to threaten the state

By Yannick Rousselet:

A few days ago, I informed you that I had been the victim of an act of “malevolence”. In fact, it was practiced by a state service, DGSI (Directorate General of Internal Security, the former DST).

Indeed, last Tuesday morning, these “good people” parked their black sedans in front of my home, donned their “police” armbands and came to search my family home.

They took all our digital media: phones, computers, internal and external hard drives, USB flash drives, SD cards. In this seizure, files related to our militant activities, but also all our photos and videos of families.

This is an investigation for “compromise of defense secrecy”, the initiative of which would come from the HFDS (Senior Defense and Security Official) and General Riac (National Nuclear Security Officer).

It is the Paris public prosecutor who is in charge of this investigation. They told me that I would be summoned for a police custody soon.”

December 19, 2016 Posted by | France | , , | 1 Comment

French Nuclear Industry in Chaos

plants-downNuClear News No 91, Jan 2017  On 14th December some thirty Greenpeace activists blocked the EDF headquarters in Paris to denounce the financial scandal and technical bankruptcy of the Company. They hung a banner on the front of the HQ building which declared that EDF has a debt of 74 billion euros, but because of nuclear power, this figure will rise even higher. (1)

As we reported last month Greenpeace commissioned an audit by AlphaValue, the equity research company. The report indicated that EDF grossly underestimates the cost of nuclear electricity. If it disclosed the true cost of running its fleet of reactors in France while financing two new ones in the UK, it would be declared bankrupt. (2) (3)

France is set to have its usual nuclear power capacity almost completely restored by midJanuary, after a number of plants come back online following inspections. Only 4 out of 58 nuclear power plants will be offline by the middle of January, so worries about shortages have eased. EDF has confirmed that seven nuclear reactors shut down for safety checks would be up and running again by the end of December and there should be no problem with power supplies this winter.

Grid operator RTE said that three of the seven reactors offline – Gravelines 2, Dampierre 3 and Tricastin 3 – would resume production from December 20th and that four more would restart before December 31st. The seven reactors are among 12 that have been slated for inspections under orders from the nuclear regulator ASN following the discovery of high carbon concentrations, which could weaken their steel. (4)

EDF has asked ASN if it can postpone the outage of the 1.5-GW Civaux-1 and the 900-MW Tricastin-2 reactors to March and February respectively. The Civaux-1 and Tricastin-2 reactors are currently both due to go offline December 23 and return on January 15. (5)

While this particular crisis may appear to have an end in sight, the French industry’s problems are now moving overseas. Manufacturing problems and forged paperwork as identified at Le Creusot are rare in the nuclear industry, where strict adherence to production and operating rules are supposed to be a crucial buffer against nuclear accidents. Independent nuclear energy consultant Mycle Schneider says “Having worked for over 30 years in France, I did not think this was possible for this country, [but it is] likely we have seen only the tip of the iceberg.”

Inspectors from the U.S. China and four other countries are investigating the decades-long cover up of the manufacturing problems at Le Creusot to see whether flaws represent a safety threat to their reactors. After investigators discovered files suggesting Le Creusot employees had concealed for decades manufacturing problems involving hundreds of components sold to customers around the world, the French regulator, ASN, ordered Areva to check 6,000 manufacturing files by hand, covering every nuclear part made at Le Creusot since the 1960s. Finnish inspectors visiting Le Creusot said they learned of potential flaws in a component slated for the reactor at Olkiluoto. In the U.S., the NRC has identified at least nine nuclear plants that use large components from Le Creusot.

“I’m concerned that there keep being more and more problems unveiled,” said Kerri Kavanagh, who leads the U.S. Nuclear Regulatory Commission’s unit inspecting Le Creusot. Regulators are considering returning to Le Creusot or inspecting Areva’s Lynchburg, Va., offices to deepen their probe of the plant, a U.S. official said.http://www.no2nuclearpower.org.uk/nuclearnews/NuClearNewsNo91.pdf

December 17, 2016 Posted by | business and costs, France | Leave a comment