Corporate rss

Claims updated in Olkiluoto 3 delay arbitration

03 August 2015

Olkiluoto 3 - July 2015 - 48Finnish utility Teollisuuden Voima Oyj and the Areva-Siemens consortium have both increased the amounts claimed in arbitration over the delay in construction of the first-of-a-kind EPR at Olkiluoto.

EDF agrees to majority stake in Areva's reactor business

30 July 2015

EDF has agreed to take a stake of at least 51% in Areva's reactor business, according to a memorandum of understanding signed by the two companies yesterday that sets out the principal terms and conditions of the plan.

Mitsubishi faces $7.6 billion claim over SONGS shutdown

29 July 2015

SONGS aerial - 48A claim for $7.6 billion has been made against Japan's Mitsubishi for damages resulting from the early closure of the San Onofre Nuclear Generating Station (SONGS) in California.

Italy's Enel plans two-step sale of Slovenske Elektrarne stake

31 July 2015

Enel plans to sell its 66% stake in Slovenské Elektrárne in two stages – through the sale of a minority stake by the end of this year and the remainder once construction of two nuclear power units at Mochovce nuclear power plant in Slovakia has been completed. The Slovak government owns the remaining 34% in the country's biggest power producer.

Eletronuclear drawn into Brazil corruption probe

29 July 2015

Angra 3 in 2013 (Eletronuclear) 74x48The president and CEO of Eletronuclear, Othon Luiz Pinheiro da Silva, has been arrested in connection with construction contracts for Angra 3. It comes as the 16th wave of police action in a wide-ranging investigation of corruption in Brazil.

PGE EJ1 rejects suggestion of further delay to plant project

27 July 2015

PGE EJ1 - the subsidiary of Polish state-owned energy group Polska Grupa Energetyczna set up to build and run Poland's first nuclear power plant - has rejected a report by Greenpeace that there is a seven-year delay to the project.