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...begun to fade as nuclear's backers make their case in a world growing warmer. Nuclear plants, goes their argument, provide a steady supply of relatively cheap energy with zero carbon emissions. The new enthusiasm for nuclear is measurable. Over the next decade, the world is expected to build 180 nuclear power plants, up from just 39 between 1999 and today. (See pictures of the worst nuclear disasters...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...Finland reactor. The Finnish project was supposed to showcase Areva's third-generation earthquake- and missile-proof design, known as a European Pressurized Reactor (EPR). Areva beat out Westinghouse and General Electric-Hitachi in 2003 to win a contract with Finland's main utility Teollisuuden Voima Oyj (TVO) to build the plant. GE-Hitachi, Mitsubishi and Westinghouse all sell their own third-generation reactors, which are more efficient and safer than previous designs. But Areva's EPR boasts innovations that led the U.S.-based Union of Concerned Scientists to call its design the only one with "the potential...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...Ambition Meets Competition Areva boosters say the cash generated by off-loading noncore assets will be used to modernize existing reactors and help build new third-generation plants. And in an industry where experience is everything, the company may even be able to spin the setback in Finland as a valuable learning experience. By focusing on its latest reprocessing technology, which produces less waste, Saulnier says Areva aims to capture one-third of the new reactor construction market by 2030. "Even though 30% of a sector is big, we think environmental concerns, and the energy needs of the world...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...world's second largest. The move will give the Russian firm new technological and engineering credibility, and mean another strong rival for Areva right in its own backyard. And China's push for nuclear plants is likely to presage competition from that country. "China wants the ability to build its own nuclear facilities in the future," says Nicolas Véron, a capital-markets and foreign-investment expert with Brussels think tank Bruegel. "A large part of [the reason] companies [are] getting the early contracts today," is down to the "agreements of knowledge and technology transfers that will cost them...

Author: /time Magazine | Title: Areva's Field of Dreams | 8/5/2009 | See Source »

...historic mujahedin holdout during the time of the Soviet invasion, he extolled the virtues of the valley's martyrs but warned that the lives of thousands will have been sacrificed in vain if the current government is allowed to continue. "We came out of 30 years of war to build a new nation based on justice and equality for all people," he thundered before a crowd of some 4,000 gathered on the banks of one of Afghanistan's largest rivers. "No corruption was our hope. But today those hopes are broken, and that is why I am here before...

Author: /time Magazine | Title: Karzai's Challenger Dr. Abdullah Abdullah | 8/5/2009 | See Source »

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