French nuclear group Areva profits hit by charge Paris (AFP) Aug 31, 2009 French nuclear giant Areva said on Monday its first half net profit plunged 79 percent as it took a charge of 550 million euros (787 million dollars) on a reactor being built in Finland. Net profit fell to 161 million euros from 760 million euros in the six months to June 2008. Operating profit tumbled 97 percent to 16 million euros. The company said delays on the third generation reactor it is building at Olkiluoto in western Finland forced it to take another provision, bringing the total to 2.3 billion euros. The reactor was originally budgeted at 3.0 billion euros but the project is running three years behind schedule, with operations likely to start in the second half of 2012. Share This Article With Planet Earth
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China nuclear sites delayed: companies Paris (AFP) Aug 28, 2009 Work on two powerful new nuclear reactors in China was delayed by wet weather, the French companies building them said on Thursday, as campaigners claimed the project was likely to fall through. A spokesman for French nuclear group Areva said that a ceremony to pour the first concrete in the site of the third-generation European Pressurised Reactors (EPR) had been postponed because of "two ... read more |
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