 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Tokyo (AFP) Dec 14, 2010 Japan's Mitsubishi Nuclear Fuel Co. said Tuesday it had established a 50-50 venture in the United States with French industrial group AREVA to produce nuclear fuel for pressurised water reactors. The new company, named US Nuclear Fuel and located in AREVA's plant in Richland, Washington state, aims to start production in the second half of this decade, Mitsubishi Nuclear Fuel said in a press release. Seventy percent of Mitsubishi Nuclear Fuel is owned by the Mitsubishi group and 30 percent by AREVA. US Nuclear Fuel will produce fuel for advanced pressurised water reactors to be supplied by Mitsubishi Heavy Industries to nuclear power plants in the United States, the statement said.
earlier related report "Do we need a second round?" Areva chief executive Anne Lauvergeon asked in remarks before the National Assembly's economic affairs committee. "It is clear today that we have no liquidity problems. "We have carried out three bond issues and we have debt to repay starting in 2016. We therefore have no acute problematic issues even if the markets were to become unsettled again." Areva's supervisory board on Saturday approved a 900-million-euro capital hike under which the Kuwait Investment Authority would hold a nearly five percent stake. It said Kuwait would supply two-thirds of the increase and the French state the remaining third at 300 million euros. Areva said its outlook for 2012 included revenue of 12 billion euros and "a double-digit operating margin." The French government holds 93 percent of Areva -- set up in 2001 -- and discussions about attracting other investors, including Qatar and Japan's Mitsubishi, have been under way for some time. Areva's repeatedly delayed capital increase was aimed at funding its investment plans through to 2012 and had to be concluded by the end of the year. Press reports have said the French government has not ruled out a second capital hike next year in which French groups EDF and Alstom and Mitsubishi Heavy Industries could take part.
Share This Article With Planet Earth
Related Links Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
Kuwait boosts stake in French nuclear giant ArevaParis (AFP) Dec 11, 2010 Areva on Saturday approved a 900-million-euro (1.17 billion dollars) capital hike under which the Kuwait Investment Authority will hold nearly five percent stake in the French nuclear giant. The recapitalisation values the strategically important Areva at 11.5 billion euros, of which the Kuwaiti fund (KIA) will now control 4.8 percent. "The group's supervisory board, meeting today under ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
