Jul. 11th, 2009

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This from the latest BBC report on the Finnish nuclear fiasco. More fun from France too. EDF the wonder utility that ate the universe is in debt? Imagine that. AREVA is trying to sell of chunks of itself too.

Nuclear Dawn Delayed in Finland - BBC News - 08 Jul 09

"The two sides are now fighting over compensation for the delays.

TVO is trying to claim back $3.3bn (2.4bn euros) from Areva for the soaring costs, not least to cover having to buy-in electricity to plug the gap until the plant is finished. On the other side Areva is claiming $1.4bn (1bn euros) from the Finns and the relationship on the Baltic has shown signs of icing.

'If Greenpeace had said at the start that after four years of construction its going to be three and a half years late and 60% over budget everybody would have laughed at them,' says Steve Thomas, Professor of Energy Policy at Greenwich University in the UK who has been monitoring the project. 'But that's what has happened. It's hard to think of it going more wrong than it has.'"


EDF Presses Govt to Hike Power Price - The Peninsula On-Line (Qatar) - 10 Jul 09

"The group's chief executive Pierre Gadonneix revealed in a magazine interview on Wednesday that EDF was seeking permission from the government to raise the price of household electricity by 20 percent over three years, or slightly longer, so that the group could stop going deeper into debt."
webfarmer: (Default)
This from the latest BBC report on the Finnish nuclear fiasco. More fun from France too. EDF the wonder utility that ate the universe is in debt? Imagine that. AREVA is trying to sell of chunks of itself too.

Nuclear Dawn Delayed in Finland - BBC News - 08 Jul 09

"The two sides are now fighting over compensation for the delays.

TVO is trying to claim back $3.3bn (2.4bn euros) from Areva for the soaring costs, not least to cover having to buy-in electricity to plug the gap until the plant is finished. On the other side Areva is claiming $1.4bn (1bn euros) from the Finns and the relationship on the Baltic has shown signs of icing.

'If Greenpeace had said at the start that after four years of construction its going to be three and a half years late and 60% over budget everybody would have laughed at them,' says Steve Thomas, Professor of Energy Policy at Greenwich University in the UK who has been monitoring the project. 'But that's what has happened. It's hard to think of it going more wrong than it has.'"


EDF Presses Govt to Hike Power Price - The Peninsula On-Line (Qatar) - 10 Jul 09

"The group's chief executive Pierre Gadonneix revealed in a magazine interview on Wednesday that EDF was seeking permission from the government to raise the price of household electricity by 20 percent over three years, or slightly longer, so that the group could stop going deeper into debt."

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