France rss

Areva initiates creation of New Co

Corporate

31 August 2016

Ahead of the sale of its reactor business to EDF, Areva has begun the process of splitting off its nuclear fuel cycle activities into a new entity, tentatively referred to as 'New Co'.

EDF extends depreciation period of 900 MWe units

Corporate

01 August 2016

France's EDF has extended the accounting depreciation period of its fleet of 900 MWe nuclear power reactors from 40 years to 50 years, the company said last week whilst announcing its results for the first half of 2016.

Europe checks French state aid for Areva restructuring

Corporate

20 July 2016

The European Commission has launched an investigation to determine whether the French government's contribution of €4.0 billion ($4.4 billion) towards the financing of the restructuring of Areva meets EU rules on state aid.

Hinkley legal bid fails as China urges government decision

Corporate

09 August 2016

The High Court of Paris on 5 August rejected a request by EDF's Central Works Council to suspend the final investment decision for the Hinkley Point C nuclear power plant project in the UK. Meanwhile, China's ambassador to the UK has called for the UK government to make a prompt decision on the project.

Steam generator anomalies to extend Fessenheim 2 outage

Regulation and Safety

20 July 2016

Fessenheim (EDF) 72x48A serviceability certificate for one of the three steam generators installed at unit 2 of the Fessenheim nuclear power plant, currently offline for maintenance, has been suspended by the French nuclear safety regulator. A number of anomalies were discovered last month in the steel of the component's lower shell.

EDF and MHI consider collaboration

Corporate

28 June 2016

French utility EDF and Japan's Mitsubishi Heavy Industries have today signed a memorandum of understanding for collaboration in civil nuclear power, including MHI taking a stake in Areva NP and joint development of the Atmea reactor design.