Word: areva
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...about securing future energy supplies. The party was held in a glass tent on the spot where the core of the new pressurized water reactor is to be installed, and none of the partygoers was happier than Anne Lauvergeon, a former French civil servant who is chief executive of Areva, the French company that won the contract to build the $3.6 billion plant. Hailing a "nuclear renaissance," she said the laying of the foundation stone sent a clear signal to the world that "nuclear energy is part of our future...
...Areva is well placed to capitalize on any comeback. The company, which had revenues of $13.5 billion and is owned by the French state, is a one-stop shop for nuclear energy with almost a one-third share of the market. Unlike its key competitors Westinghouse and General Electric, its activities span all aspects of the business: it mines and enriches uranium ore to make nuclear fuel; designs and constructs reactors and helps to operate them; it also recycles the spent fuel and packages the remaining waste. Just last month, it announced a joint venture with Baltimore-based Constellation Energy...
...cuts totaling only 10% and sluggish growth eroding revenues, Chirac is looking to new Finance Minister Hervé Gaymard to work some magic. Last week, Gaymard pledged tax cuts in 2006 and 2007 and vowed to sell stakes worth nearly 320 billion in state firms including nuclear-power company Areva and utility mammoth Electricité de France. That, Gaymard hopes, will stimulate economic growth that, at 2.3% in 2004, was below government estimates of 2.5%. Surprisingly, Gaymard is predicting the same for this year. "Given commodity prices like oil rising, we should count on lower growth next year, not higher...
Even with the challenger series to decide who will race Team New Zealand for the big prize still four months away, a brouhaha surrounding French challenger Le D?fi and its main sponsor Areva, a nuclear energy company, already has the yachting world abuzz. Yachting purists complain that nuclear power and wind power go together about as well as oil and water. New Zealand sailors are particularly incensed because the America's Cup village in Auckland, where the competition is based, is just meters away from where French secret agents blew up Greenpeace's protest ship Rainbow Warrior in 1985. When...
...Areva D. Bell, a third-year law student, says that this problem of credibility exists for both minority professors and students at Harvard: "I think we all feel that pressure that you have to be twice as good," she says...