Subscribe free to our newsletters via your
. Nuclear Energy News .




CIVIL NUCLEAR
Areva nuclear group estimates 4.9bn euro losses
by Staff Writers
Paris (AFP) Feb 23, 2015


France's nuclear group Areva said Monday its provisional net losses in 2014 widened to 4.9 billion euros ($5.6 billion) after it was forced to absorb costs linked to project delays.

The mostly state-owned company has taken a particular hit in the past year from delays in building its Olkiluoto 3 nuclear plant in Finland, as well as difficulties with its renewable energy contracts.

Areva also said there were impairment charges tied to the modernisation of its uranium conversion plant, the Comurhex II project in France.

The figure is only provisionary, with the group's audit and ethics committee due to meet again on March 2 to review the finances.

The company, which is 87-percent owned by the French state, has suffered in recent years as interest in nuclear power has cooled following the 2011 Fukushima catastrophe in Japan.

Areva announced in October that it would cut investments and step up sales of non-strategic assets as it tries to shore up its finances.

The provisional figure is greater than Areva's value on the Paris Bourse, which is 3.7 billion euros.

Shares of Areva were down 1.10 percent to 9.47 euros in early trading in Paris after sinking nearly 3.0 percent at the open.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





CIVIL NUCLEAR
Taiwan seeks to export nuclear waste overseas
Taipei (AFP) Feb 18, 2015
Taiwan has unveiled a Tw$11.25 billion ($356 million) plan to process nuclear waste overseas for the first time as its power plants approach capacity, sparking criticism from environmental groups. The state-run Taiwan Power Co. (Taipower) opened bidding on Tuesday for 1,200 used fuel rods used in the island's first and second nuclear plants to be processed abroad. The two plants, which ... read more


CIVIL NUCLEAR
Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

Understanding air pollution from biomass burners used for heating

Biologists partner bacterium with nitrogen gas to make cleaner bioethanol

CIVIL NUCLEAR
New solder for semiconductors creates technological possibilities

AORA Solar's Ethiopia Pilot Project Takes Step Forward

Lockheed selects advanced roofing to construct large solar energy array

Ikaros Solar and Esdec BV Join Forces

CIVIL NUCLEAR
Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

CIVIL NUCLEAR
India's Modi says energy pledge not based on foreign pressure

Climate summit hosts press India on emissions

Russia and DPRK May Develop $20-30 Billion Power Grid Project

Patents provide insight on Wall Street 'technology arms race'

CIVIL NUCLEAR
Leading scholar presents advances in research of electric car batteries

New paper-like material could boost electric vehicle batteries

Researchers developed a cost-effective and efficient rival for platinum

Corvus Energy orders two new battery hybrid LNG ferry systems

CIVIL NUCLEAR
Scientists predict earth-like planets around most stars

"Vulcan Planets" - Inside-Out Formation of Super-Earths

Dawn ahead!

Habitable Evaporated Cores

CIVIL NUCLEAR
Russian Shipyard Makes History: 4 Subs Under Construction Simultaneously

Frontline Innovation: DARPA to put Fab Lab at Navy Ship Maintenance Center

Four US littoral combat ships to operate out of Singapore by 2018

Russia May Finalize its Flagship Aircraft Carrier by 2025

CIVIL NUCLEAR
Mars One cuts list of potential colonists to 100

Scientists fail to explain strange plumes spotted on Martian surface

NASA's Curiosity Analyzing Sample of Martian Mountain

Mars Rover Nearing Marathon Achievement




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news 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 Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.