European Union rss

Energoatom's development requires new law: report

Corporate

18 October 2017

The corporatization of Ukraine's Energoatom requires the development of a special law that will need to take into account all its characteristics as nuclear power plant operator, a consultancy report has concluded. The report was presented last week by a consortium selected by the European Bank for Reconstruction and Development to advise Energoatom on its restructuring. The consortium consists of the UK's Deloitte Touche Tohmatsu LLC and Ukraine's IMEPOWER.

Foratom calls for orderly Brexit for nuclear industry

Nuclear Policies

13 October 2017

Foratom, the European nuclear trade body, yesterday published the priorities for Brexit negotiations in relation to the nuclear industry. The organisation said the European Union and UK should immediately start negotiating their post-Brexit relationship and, if necessary, transitional arrangements in order to avoid any disruption to the nuclear fuel cycle.

UK plans domestic nuclear safeguards regime

Nuclear Policies

15 September 2017

As part of preparations for its exit from the European Union, the UK is establishing a domestic nuclear safeguards regime to ensure that it "continues to maintain its position as a responsible nuclear state and that withdrawal from Euratom will not result in the weakening of its future safeguards standards and oversight in the UK", Greg Clark, the UK secretary of state for Business, Energy and Industrial Strategy, announced yesterday.

EU committed to Iran nuclear deal

Nuclear Policies

16 October 2017

Mogherini_Sept_17_(EU)-48The European Union is determined to preserve the 2015 Joint Comprehensive Plan of Action with Iran, the EU's General Council said today following US President Donald Trump's 13 October announcement that he would not certify Iran's compliance with the deal to the US Congress. International Atomic Energy Agency Director General Yukiya Amano said Iran's commitments under the agreement are being implemented.

UK prepares legislation for Euratom exit

Nuclear Policies

12 October 2017

The UK government has published in parliament its Nuclear Safeguards Bill to establish a domestic nuclear safeguards regime in preparation for the country's departure from the European Atomic Energy Community (Euratom). The bill was introduced to the House of Commons and given its first reading yesterday. This stage is formal and takes place without any debate. MPs will next consider the bill at second reading on 16 October.

Areva NP chief highlights restructuring progress

Corporate

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.