Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



CIVIL NUCLEAR
Finland's TVO claims partial win in Areva nuclear dispute
by Staff Writers
Helsinki (AFP) July 20, 2017


Finnish utility TVO on Thursday claimed another partial victory in arbitration in a bitter dispute with France's Areva over a troubled nuclear reactor, which the French side said was "disappointing".

Areva, together with German engineering group Siemens, has been building in Finland since 2005 what is meant to be a showcase of next-generation nuclear power, but delays and cost overruns have turned the project into a fight with their Finnish client TVO being arbitrated by the International Chamber of Commerce.

TVO, which had received a previous favourable decision in November last year, said the ICC this time addressed the issues of preparation, review, submittal and approval of design and licensing documents for the project.

The ICC issued a partial award which "rejected the analytical methods that the supplier (Areva) used," TVO Deputy CEO Risto Siilos told AFP, adding that content and the timing of submitting documents are key issues.

"With this award and the one earlier in November (the ICC) gave us more confidence that the balance of the claims is in TVO's favour," he added.

The ICC's partial award did not, however, take a position on the monetary claims of the companies.

An Areva spokesman said it was "disappointed by this partial decision" but reminded that the proceeding is ongoing with at least another partial award expected before a final decision in early 2018.

"Not all key topics were addressed," the Areva spokesman added.

The core issue of financial liabilities remains unsolved, with Areva claiming damages of 3.4 billion euros ($3.9 billion), and TVO 2.6 billion euros.

The Olkiluoto 3 reactor in western Finland was supposed to be the world's first European Pressurised Reactor (EPR), with a start date initially planned in 2009 but now delayed to 2018.

In September, TVO took fresh legal action against Areva in a French commercial court to seek assurances that the Olkiluoto 3 project would not get delayed again.

Areva has promised that it won't, saying the plant's cold tests, without nuclear fuel, are due to begin this year.

The latest decision "does not impact the project at all which is proceeding according to the planned milestones," the Areva spokesman said.

Meanwhile under a restructuring plan the troubled Areva Group's nuclear reactors business is being bought by French utility EDF, and the deal is expected to be finalised this year.

CIVIL NUCLEAR
Britain must leave EU nuclear body: Verhofstadt
Brussels (AFP) July 12, 2017
Britain cannot stay a member of the EU nuclear regulator Euratom after Brexit, whether it wants to or not, European Parliament Brexit pointman Guy Verhofstadt said Wednesday. But Euratom could continue its functions with regard to Britain if London signs an association agreement with the European Union following its departure from the bloc, he added. Membership of Euratom has become a ma ... read more

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


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

Comment using your Disqus, Facebook, Google or Twitter login.

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

CIVIL NUCLEAR
New biofuel technology significantly cuts production time

Solving a sweet problem for renewable biofuels and chemicals

Cutting the cost of ethanol, other biofuels and gasoline

A whole-genome sequenced rice mutant resource for the study of biofuel feedstocks

CIVIL NUCLEAR
Non-toxic alternative for next-generation solar cells

More EU praise for progress on renewable energy

Making two out of one

There Will Always be Sun on this Horizon

CIVIL NUCLEAR
Unbalanced wind farm planning exacerbates fluctuations

Algeria seen as African leader for renewable energy

Owls' wings could hold the key to beating wind turbine noise

Thrive Renewables delivers mezzanine funded wind farms in Scotland

CIVIL NUCLEAR
Google's 'moonshot' factory spins off geothermal unit

Fighting global warming and climate change requires a broad energy portfolio

Low-carbon trajectory is the only option, European leaders say

Divestment streak continues for British energy company Centrica

CIVIL NUCLEAR
Study: Mini cellular antennae helps turn muscle into fat

Optimizing hydrogen-powered passenger ferries focus of Sandia Labs study

Using the stairs just got easier with energy-recycling steps

Giant charge reversal observed for the first time

CIVIL NUCLEAR
200 green activists killed in 2016, record toll: watchdog

Study finds toxic mercury is accumulating in the Arctic tundra

Human activities worsen air quality in Dunhuang, a desert basin in China

Herbicide boost for tadpoles: study

CIVIL NUCLEAR
Russia boasts of Turkish gas pipeline progress

An IPO in Thailand sparks push for regional energy development

U.N. to help Nigeria look beyond oil for revenue

Brent crude oil passes the $50 threshold in early Thursday trading

CIVIL NUCLEAR
Mars surface 'more uninhabitable' than thought: study

Mars Rover Opportunity continuing science campaign at Perseverance Valley

The Niagara Falls of Mars once flowed with lava

Russian Devices for ExoMars Mission to Be Ready in Fall 2017




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






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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