Areva
It is turning into a bad Christmas for Areva. The French
state-controlled nuclear group was already facing growing problems
and costs in Finland where it is building with its German partner
Siemens the first of its new generation EPR reactors. Now it has lost
out to Westinghouse, its US rival recently acquired by Toshiba of
Japan, in the competition for four nuclear reactors in China. The
French government claims the delays in the flagship EPR project in
Finland persuaded (...)
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