Word: fivefold
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...breaking for the first nuclear plant to be built in Europe in 14 years. The winner of the €3 billion plant contract was Areva, in a joint subsidiary with Germany's Siemens. China currently has nine nuclear reactors in operation and says it will increase its nuclear capacity fivefold by 2020. The Chinese are expected to select a Western contractor for two new plants this year. The race is between Areva, Westinghouse and Russia's AtomStroyExport. Areva is well placed in the U.S., too. In September, it announced a joint venture with Baltimore, Maryland-based Constellation Energy to promote...
...Finland is just one of several countries to commit to a new construction program. China's nuclear plans are the biggest and most significant: it currently has nine nuclear reactors in operation and says it will increase its nuclear capacity fivefold by the year 2020 to help cope with its huge appetite for energy. Later this year the Chinese are expected to kick off the next phase of their nuclear expansion by selecting a Western contractor for two new plants. In the U.S., the Energy Policy Act, which sets up a new form of federal risk insurance, is widely seen...
...dollars have poured in. Hedge-fund assets globally have tripled over the past six years to an estimated $1 trillion, a figure growing 15% to 20% a year. This tidal wave of cash increasingly comes from U.S. pension funds--which since 1997 have raised their stake in hedge funds fivefold, to an estimated $72 billion--and from less-than-rich individuals lured by hedge funds' flashy reputation and falling investment minimums, which were once $1 million...
...suites. Tellabs, the Naperville, Ill., telecom-gear maker (2003 sales: $980 million) that sells data systems and voice enhancers, recently named him CEO. The board is betting on a repeat. When Prabhu, 49, was boss of Alcatel USA, a division of the French telco, revenues increased fivefold, to about $5 billion, over his three-year tenure...
...holding out for direct elections, and the Iraqi Governing Council suggests that it expand from 25 to 125 members so it could stay around a while longer, though the likelihood of the Council suddenly being able to agree on anything would probably not be enhanced by inflating it fivefold...