Corporate rss

Komarov explains nuclear's role in energy mix

18 September 2017

The perception that renewable energy is cheaper than nuclear power is only "half true", Kirill Komarov, Rosatom's first deputy director-general, said in a televised interview with Ian King, business presenter at Sky News, this week. "If you combine all the elements you need to establish connection to the grid for renewables, you need to pay additionally for some backup facilities. If you combine all these you will see that nuclear is still, minimum, twice as cheap as wind and, minimum, three times cheaper than solar," Komarov said.

KazAtomProm transformation on track

15 September 2017

KazAtomProm is making progress in its transition to become a market-led, flexible supplier, the company's Chief Commercial Officer Riaz Rizvi said today at the World Nuclear Association's Symposium. The company is transforming its approaches to both production and marketing.

TVO appeals Areva state aid decision

13 September 2017

Finnish utility Teollisuuden Voima Oyj (TVO) announced today it has filed an appeal against the European Commission's approval for the French government to inject €4.5 billion ($5.4 billion) into Areva. TVO claims the plan does not provide sufficient guarantees that the Olkiluoto 3 EPR project will be completed.

Westinghouse CEO looks beyond bankruptcy

15 September 2017

As the start up of the world's first AP1000 unit approaches, Westinghouse is using the Chapter 11 bankruptcy protection process to transform itself. The company will come out of the process "leaner, stronger and more competitive", Westinghouse president and CEO Jose Gutierrez told the World Nuclear Association's Symposium.

Areva NP chief highlights restructuring progress

15 September 2017

Fontana-Isted - WNA Symposium 2017 - 48Corporate restructuring of the French nuclear sector is "on track and major milestones have been successfully achieved", Bernard Fontana, CEO of French engineering company Areva NP, said yesterday. These milestones include re-focusing Areva NP on its core business since July 2016 and the ongoing transfer of the company's assets to a "financially sound and cash-generating" subsidiary, namely New NP.

Atomenergoprom sees 89% rise in first-half net profit

07 September 2017

Atomenergoprom, the holding company of Russian state nuclear corporation Rosatom, has today reported consolidated net profit of RUB40.7 billion ($700 million) for the first half of 2017. This is an 89% increase on the same period of 2016 when it recorded net profit of RUB21.5 billion.